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The official Budget 2017 DOOM thread

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    The official Budget 2017 DOOM thread

    Coming from a pro-Business Tory Scum who promised NOT to increase National Insurance rates.

    https://www.thesun.co.uk/news/300781...-first-budget/

    #2
    "The chief takeaway from this Budget could be how different our fiscal plans are to those in the US. The US markets and the dollar have rallied strongly on the back of hopes for a tax cut and big spending plan under the Trump administration, the UK government has very different ideas. If this contrast becomes stark on Wednesday , then it may trigger a sell-off in the pound, and 1.20 once again looks possible in GBP/USD. A break below here opens the way to 1.1840 – the low from last year’s flash crash."

    "In February Deutsche Bank's global co-head of FX research, George Saravelos said in an interview that the bank sees sterling falling another 16% to as low as 1.05 against the dollar, as the "incredibly complicated" nature of Brexit becomes ever more clear."

    Pound could drop after Hammond delivers first budget - Business Insider

    GBP/USD now: 1.22975

    DOOMED!

    Going short on Sterling until Article 50 is triggered

    Comment


      #3
      "If Hammond does have tax cuts in mind he will probably save them for his Autumn Budget"

      ALEX BRUMMER: Hammond to mark time | This is Money

      Tory taxcuts?

      Comment


        #4
        Originally posted by AtW View Post
        "The chief takeaway from this Budget could be how different our fiscal plans are to those in the US. The US markets and the dollar have rallied strongly on the back of hopes for a tax cut and big spending plan under the Trump administration, the UK government has very different ideas. If this contrast becomes stark on Wednesday , then it may trigger a sell-off in the pound, and 1.20 once again looks possible in GBP/USD. A break below here opens the way to 1.1840 – the low from last year’s flash crash."

        "In February Deutsche Bank's global co-head of FX research, George Saravelos said in an interview that the bank sees sterling falling another 16% to as low as 1.05 against the dollar, as the "incredibly complicated" nature of Brexit becomes ever more clear."

        Pound could drop after Hammond delivers first budget - Business Insider

        GBP/USD now: 1.22975

        DOOMED!

        Going short on Sterling until Article 50 is triggered
        The chief takeaway from this Budget is the kebab shop underneath your bedsit.

        Comment


          #5
          Originally posted by northernladyuk View Post
          The chief takeaway from this Budget is the kebab shop underneath your bedsit.
          for which you're paying 1500+ notes a month for, im actively looking to move now, canada seems the best option...

          Comment


            #6
            Originally posted by northernladyuk View Post
            The chief takeaway from this Budget is the kebab shop underneath your bedsit.
            Kebabs going to a tenner due to "business rates" increases

            Looks like on Wed we will onky get tax increases with Brexit being used as excuse

            Comment


              #7
              Originally posted by AtW View Post
              Kebabs going to a tenner due to "business rates" increases

              Looks like on Wed we will onky get tax increases with Brexit being used as excuse
              The only thing better than a tax increase is one that targets contractors*. It's the new political consensus, completely invariant to political party or state of the economy. HTH.





              *Tax dodging scumbags

              Comment


                #8
                Originally posted by AtW View Post
                Kebabs going to a tenner due to "business rates" increases

                Looks like on Wed we will onky get tax increases with Brexit being used as excuse
                GBP10 is peanuts in hard currency terms.

                Comment


                  #9
                  Pre-doom, doom:

                  How a rise in Britons being their own boss risks a borrowing crisis

                  Comment


                    #10
                    Originally posted by jamesbrown View Post
                    Good excuse to tax them hard to stop future crisis...

                    Comment

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