UK’s Hammond: Confidence will return when there’s Brexit clarity - BBC
Comments are crossing the wires from the UK Chancellor/ Finance Minister Hammond, as he speaks in an interview with BBC.
Hammond said that confidence in the economy will return when there is Brexit clarity.
On Wednesday, the Chancellor published the Budget, which was widely viewed as a non-event. "Hammond managed to provide enough assuage discontent rather than create any real sense of well-being. Spending has been increased, austerity has been eased despite a lowering of growth, but there is still an acceptable path of borrowing reduction. Markets have reacted accordingly with little real change in GBP and assets”, analysts at Westpac noted.