Ladies and Gentlemen

This is a summary of key points from this week’s Bulletin:

• Alistair Darling was given a boost last week when it emerged that tax revenues were better than expected which may allow him to cut the deficit more than expected in this week’s Budget
• Gilt prices rallied as a consequence but sterling fell as foreign investors fretted over the possibility of him using the money to boost Labour’s spending plans
• Global markets enjoyed a steady week, helped by comments from US Federal Reserve Chairman Ben Bernanke who said interest rates would continue to remain close to zero for an extended period
• The outlook for China’s growth remains very good for the next two years according to the World Bank – conversely the European Commission told Germany, France, Italy and Spain that their growth forecasts were too optimistic
• With the likelihood of higher taxes ahead investors are being advised to make the most of this year’s allowances before it’s too late
• Andrew Green of GAM gives an insight into his current portfolio strategy

Should you need any further information please contact me on 07971 462558 or via my website address below :

http://www.sjpp.co.uk/joannehill/

Tags: budget, economy, taxes

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