Britain's big Budget - will it work?
For use by professional clients and/or equivalent investor types in your jurisdiction (not to be used with or passed on to retail clients).
Big Ben and Houses Of Parliament on foggy morning

UMAP Posts

Britain’s big Budget – will it work?

Steven Bell
Steven Bell
Chief Economist, EMEA

Key Takeaways

  • Although the budget was well trailed, the scale of the announced fiscal changes came as quite a surprise, with more than 70 policy notices
  • The Labour chancellor announced such an increase in taxes and borrowing, in order to fund public spending, that the gilt market sold off, despite a favourable initial reaction
  • The chancellor highlighted the £22 billion black hole in the public finances, but didn’t mention a potential £100 billion health and disability benefits bill, highlighted by the IFS, which could be this government’s biggest challenge
  • Fears around tax rises had seen business and consumer confidence wane in the run up to the election, and they have been realised. But the decision to hold corporation tax could see businesses respond by boosting productivity – we hope
Transcript
4 November 2024

Key topics

Subscribe to post

Get the most out of your email by tailoring the types of insights and information you would like to receive from us.

Latest articles

Assessing the impact of Trump-era trade tariffs.
The sheer scale of the fiscal changes in the recent budget were surprising, and confirmed growing fears around tax rises. But might UK businesses respond by boosting productivity?
The new UK government’s first Budget looks set to be an historic event.
Key topics
Related topics

PDF

Britain’s big Budget – will it work?

Related Posts

No data was found
4 November 2024

Will trade wars end the Equity Bull market?

Assessing the impact of Trump-era trade tariffs.
28 October 2024

Looking beyond the UK Budget

The new UK government’s first Budget looks set to be an historic event.
21 October 2024

Will there be any good news in the Budget?

Taxes set to rise but the economy is improving.

Why Columbia Threadneedle for low-cost multi-asset

Columbia Threadneedle Universal MAP redefines value through active multi-asset solutions and business support at a passive price point. Fund OCFs at 0.29%-0.39%.

Our Portfolio

The Columbia Threadneedle Universal MAP and Sustainable MAP ranges offer risk-controlled portfolio options designed to cover a host of client growth, income and sustainability needs.

Important information

Columbia Threadneedle Investments is the global brand name of the Columbia and Threadneedle group of companies.

For professional investors only.

This financial promotion is issued for marketing and information purposes only by Columbia Threadneedle Investments in the UK.

The Fund is a sub fund of Columbia Threadneedle (UK) ICVC III, an open ended investment company (OEIC), registered in the UK and authorised by the Financial Conduct Authority (FCA).

English language copies of the Fund’s Prospectus, summarised investor rights, English language copies of the key investor information document (KIID) can be obtained from Columbia Threadneedle Investments, Cannon Place, 78 Cannon Street, London, EC4N 6AG, email: [email protected] or electronically at www.columbiathreadneedle.com. Please read the Prospectus before taking any investment decision.

The information provided in the marketing material does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in the Funds. The manager has the right to terminate the arrangements made for marketing.

Financial promotions are issued for marketing and information purposes; in the United Kingdom by Columbia Threadneedle Management Limited, which is authorised and regulated by the Financial Conduct Authority; in the EEA by Columbia Threadneedle Netherlands B.V., which is regulated by the Dutch Authority for the Financial Markets (AFM); in Switzerland: Issued by Threadneedle Portfolio Services AG, Registered address: Claridenstrasse 41, 8002 Zurich, Switzerland. In the Middle East: This document is distributed by Columbia Threadneedle Investments (ME) Limited, which is regulated by the Dubai Financial Services Authority (DFSA). For Distributors: This document is intended to provide distributors with information about Group products and services and is not for further distribution. For Institutional Clients: The information in this document is not intended as financial advice and is only intended for persons with appropriate investment knowledge and who meet the regulatory criteria to be classified as a Professional Client or Market Counterparties and no other Person should act upon it.

You may also like

Investment approach

Teamwork defines us and is fundamental to our investment approach, which is structured to facilitate the generation, assessment and implementation of good, strong investment ideas for our portfolios.

Funds and Prices

Columbia Threadneedle Investments has a comprehensive range of investment funds catering for a broad range of objectives.

Our Capabilities

We offer a broad range of actively managed investment strategies and solutions covering global, regional and domestic markets and asset classes.

Thank you. You can now visit your preference centre to choose which insights you would like to receive by email.

To view and control which insights you receive from us by email, please visit your preference centre.

Play Video

CT Property Trust- Fund Manager Update

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium