Category Archives: Market Update

UK Budget 2016 review

Pie chart on a stock chart with a budget

Wednesday’s budget statement was somewhat of a bitter-sweet affair. Chancellor George Osborne started his speech by announcing downward revisions to the UK’s economic growth forecasts. The Office for Budgetary Responsibility now forecast the economy to grow by 2.0% in 2016, significantly less than the 2.4% projected in November. Growth expectations were also revised down for … Continue reading UK Budget 2016 review