Above all, the bank is emphasizing that he will be “cautious” with cuts against the backdrop of President Trump’s trade policy. The uncertainty is not just about what it does, but also the market reaction, and the reaction of other countries, including the UK. Today’s weak forecast has not increased US prices policies.
This is far from a happy set of data for the Chancellor. The economy has been flat since March. A technical recession has been easily avoided, but there is very little or no growth in this year.
During this year, the economy is predicted only 0.75 %, half of the rate forecast in November. Unemployment is expected to be less than 5 % in the next two years.
In the bank’s contacts with the business report, more firms have mentioned the budget as “business asset relief, heritage tax and national insurance” preventing investment.
The bank has also stored health for the economy for a long time, concluding that the disease, pandemic diseases and breaks all affect the productivity of the economy.
All, a difficult domestic Vista, has increased global uncertainty.
