Wednesday, 11 March, 2020
Here’s their 2 minute video on the budget tomorrow:
• Gilt issuance remit for FY20-21— Our updated gilt issuance forecast is £170.4bn, split 25.8% shorts, 23.7% mediums, 26.5% longs, 17.1% linkers and 6.9% unallocated. Gilt issuance looks set to remain around £170bn in the years ahead.
It is important then to view this Budget as one of three fiscal events this year, with another Budget scheduled for the autumn and the Spending Review in September, leaving the Chancellor with the option of deferring some changes until later in the year.
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