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UK Autumn Statement 2014 Preview - Fantasy Fiscal Policy

FXStreet (Guatemala) - Analyst’s at RBS explained that there are disconcerting parallels between UK fiscal policy and 'fantasy football' games.

Key Quotes:

“Participants spending vast sums of money they don't really have”.

“The past year has reinforced the judgement that the bulk of the UK's deficit is structural and will not disappear effortlessly as growth resumes”.

“Downside risks to real GDP and inflation further bolster this”.

“Yet, the realpolitik is that this year's Autumn Statement, coming just five months before the election, will be shaped not by the financial reality that the UK cannot have Scandinavian levels of public spending alongside Singaporean levels of taxation, but by aspirational talk of tax cuts and more spending for favoured interests”.

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