FX Week

Brown 'Giveaway' Budget Ruffles Few Feathers On Threadneedle Street


LONDON -- The UK media dubbed last week's budget the most generous since 1988 -- but there was little for the Bank of England's Monetary Policy Committee (MPC) to get too concerned about.

The budget, delivered by chancellor of the exchequer Gordon Brown, is likely to have little bearing on the future direction of UK monetary policy, City of London observers told FX Week.

"He [Brown] has been very prudent and has not gone overboard with spending," said Stacey Seltzer, foreign exchange economist

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: