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3 numbers to watch - Macro analysis on the day’s biggest scheduled economic events

UK Budget preview

Filed in: 3 numbers to watch
24 March 2010 at 11:37 GMT

Don't expect anything too earth-shattering in today's budget announcement-one has to suppose it'll be almost exclusively populist by nature and aimed squarely between the eyes, or rather at the wallet, or swing voters.

No surprise if there are also some banker or bank-bashing measures, raising little or no cash in the end, but looking duly tough and aligned with the 'spirit of the day'.

In terms of sterling and Gilts-just look out for the projected level of 2010/11 Gilt sales; should be around £180bn; + or - £20bn would have the obvious implications for short-term market movements-with a £200bn figure, say, being bad for Gilts and sterling.

 

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