PRE-ELECTION BUDGET ATTEMPTS TO WOO VOTERS
The headlines this week were understandably dominated by the budget. Pre-election budgets are always a bit odd; the chancellor is torn between wanting to give loads of stuff away to buy votes, and not wanting to be caught in doing so. There was nothing that really struck us from an investment point of view this week, apart from the odd bit here and there that could no doubt please the odd swing voter. Probably the most important news came from the Office of Budgetary Responsibility, which forecast a slightly reduced program of austerity. While any government will likely make cuts, having enough left to continue investing in infrastructure is critical to the future growth rate of the economy Read More….