There were more Brexit broadsides between the UK and France, but the big UK money story of the past week was the Budget - which left a lot of head scratching; for example, why is a Conservative government proudly telling Parliament that it recommends a Budget that has raised the share of national income taken in tax to the highest levels since the 1950s. However, like all Budgets what matters is not what is stated in Parliament, but what is written in the hundreds or even thousands of pages of supporting documents published by HM Treasury. Insights into specific upside or downside risk to imported investment funds remains to be confirmed.
29.10.21 Smoke ‘n mirrors
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