• UK Chancellor Hammond: all government fiscal targets look on course to be met

Market news

24 April 2019

UK Chancellor Hammond: all government fiscal targets look on course to be met

  • for first time in decade, we have choices over fiscal policy

  • we can reach a balanced budget in mid 2020’s if we choose to

  • once Brexit uncertainty clears, can decide longer-term fiscal policy

  • we expect to appoint next BOE governor for an 8-year term

  • but if an outstanding candidate cannot commit as such, we would consider this

  • UK needs a BOE governor who commands respect in the 'international arena'

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