All eyes are on the budget, and we've seen Pound Sterling remain elevated against its major currency peers as the markets are choosing to focus on potential positives to be released later today. Although its been made clear there will be several tax rises across the board, in the form of Inheritance Tax, Stamp Duty, Capital Gains Tax, Fuel Duty and much more, Rachel Reeves has also pledged to invest more in the economy which will allow people to have more pounds in their pockets' and a greater National Health Service.
The extra spending that Rachel Reeves is alluding to will mainly come from a change in how the government can borrow and repay money, effectively freeing up an extra £50bn of spending. This change has been flagged to provide more relief for the budget deficit, although it should be noted that although this deficit will improve, it'll still remain fairly large for a number of years to come.
