John Husselbee: 2017 Autumn Budget's investment implications

Growth downgrade jumps out

clock • 2 min read

John Husselbee assesses the investment implications of the 2017 Autumn Budget speech but finds little that would encourage him to consider any shift in tactical asset allocation

Amid some headline-grabbing measures on stamp duty and driverless cars, this looks a fairly thin Budget that characterises a government without a strong mandate. With obvious concerns about getting proposals through the House of Commons, anything radical was always unlikely from Chancellor Philip Hammond and there is nothing in today's speech that would encourage me to consider any shift in tactical asset allocation. John Husselbee: View from the front row What does jump out from today is a downgrade in the growth forecast from 2% to 1.5% for 2017, with GDP also cut to 1.4%, 1.3% a...

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