25 October 2021 - Sunak facing Budget dilemma

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Beyond Currency by CurrencyTransfer.com

Business


"There is little doubt that the UK economy has slowed considerably since its stellar recovery from recession. It will be difficult for Chancellor of the Exchequer Rishi Sunak to put in place plans to boost the recovery, since it is almost impossible to know exactly which of the problems are most pressing. Sunak is facing calls from industrial leaders' federations to leave taxation as it is, since with the current problems facing manufacturing and logistics, a rise in tax could easily blow them off course. Hauliers are facing the threat of having to pay significantly higher wages to drivers to be both able to employ them and keep them. That will certainly have a knock-on effect. Sunak clearly didn't reckon with the issues facing the economy like fuel prices, and high and rising inflation when he set out to plan for this Budget. " Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.