The official Budget 2017 DOOM thread

[AtW]

Coming from a pro-Business Tory Scum who promised NOT to increase National Insurance rates.

https://www.thesun.co.uk/news/300781...-first-budget/

[AtW]

"The chief takeaway from this Budget could be how different our fiscal plans are to those in the US. The US markets and the dollar have rallied strongly on the back of hopes for a tax cut and big spending plan under the Trump administration, the UK government has very different ideas. If this contrast becomes stark on Wednesday , then it may trigger a sell-off in the pound, and 1.20 once again looks possible in GBP/USD. A break below here opens the way to 1.1840 – the low from last year’s flash crash."

"In February Deutsche Bank's global co-head of FX research, George Saravelos said in an interview that the bank sees sterling falling another 16% to as low as 1.05 against the dollar, as the "incredibly complicated" nature of Brexit becomes ever more clear."

Pound could drop after Hammond delivers first budget - Business Insider

GBP/USD now: 1.22975

DOOMED!

Going short on Sterling until Article 50 is triggered

[AtW]

"If Hammond does have tax cuts in mind he will probably save them for his Autumn Budget"

ALEX BRUMMER: Hammond to mark time | This is Money

Tory taxcuts?

[northernladyuk]

"The chief takeaway from this Budget could be how different our fiscal plans are to those in the US. The US markets and the dollar have rallied strongly on the back of hopes for a tax cut and big spending plan under the Trump administration, the UK government has very different ideas. If this contrast becomes stark on Wednesday , then it may trigger a sell-off in the pound, and 1.20 once again looks possible in GBP/USD. A break below here opens the way to 1.1840 – the low from last year’s flash crash."

"In February Deutsche Bank's global co-head of FX research, George Saravelos said in an interview that the bank sees sterling falling another 16% to as low as 1.05 against the dollar, as the "incredibly complicated" nature of Brexit becomes ever more clear."

Pound could drop after Hammond delivers first budget - Business Insider

GBP/USD now: 1.22975

DOOMED!

Going short on Sterling until Article 50 is triggered

The chief takeaway from this Budget is the kebab shop underneath your bedsit.

[SlipTheJab]

The chief takeaway from this Budget is the kebab shop underneath your bedsit.

for which you're paying 1500+ notes a month for, im actively looking to move now, canada seems the best option...

[AtW]

The chief takeaway from this Budget is the kebab shop underneath your bedsit.

Kebabs going to a tenner due to "business rates" increases

Looks like on Wed we will onky get tax increases with Brexit being used as excuse

[jamesbrown]

Kebabs going to a tenner due to "business rates" increases

Looks like on Wed we will onky get tax increases with Brexit being used as excuse

The only thing better than a tax increase is one that targets contractors*. It's the new political consensus, completely invariant to political party or state of the economy. HTH.





*Tax dodging scumbags

[northernladyuk]

Kebabs going to a tenner due to "business rates" increases

Looks like on Wed we will onky get tax increases with Brexit being used as excuse

GBP10 is peanuts in hard currency terms.

[jamesbrown]

Pre-doom, doom:

How a rise in Britons being their own boss risks a borrowing crisis

[AtW]

Pre-doom, doom:

How a rise in Britons being their own boss risks a borrowing crisis

Good excuse to tax them hard to stop future crisis...