With Britain at a fiscal crossroads, Chancellor John Healey delivered the nation’s annual budget in Parliament on Wednesday. As the UK’s borrowing costs, its ties to Europe and growth outlook hang in the balance, "The Opening Trade" took Bloomberg.com subscribers behind the scenes for an exclusive broadcast in front of a live audience as UK gilt, equity and currency markets opened.
Chapters:
00:00:00 – After the Budget, Before the Bell With The Opening Trade
00:01:33 – Is the UK More Investable After the Budget, Founders, Entrepreneurs and Tax Relief
00:04:27 – Questions Over the Government’s Growth Strategy, Energy Costs and UK Policy
00:07:13 – Opposition Criticism and Deferred Decisions
00:07:48 – JPMorgan’s Hugh Gimber on Bond Markets React to the Budget UK Fiscal Headroom and Spending Risks
00:16:33 – Britain’s Billionaire Exodus
00:19:08 – Energy Bill Relief and Cost of Living, Budget Complexity and Personal Finance
00:22:46 – Cash Savings and Investment Reform, Welfare and Youth Unemployment
00:28:57 – Santander CIB’s Victoria Clarke on Future Fiscal Decisions, UK Growth and Inflation Outlook
00:31:55 – Santander CIB’s Victoria Clarke on Why Gilts Barely Reacted to the Budget, Borrowing and Gilt Issuance
00:37:11 – Key Budget Takeaways and Decisions Ahead
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