{"id":10371,"date":"2024-11-01T16:37:04","date_gmt":"2024-11-01T16:37:04","guid":{"rendered":"https:\/\/sarasinandpartners.com\/row\/?p=10371"},"modified":"2024-11-01T16:37:26","modified_gmt":"2024-11-01T16:37:26","slug":"six-minute-strategy-uk-budget-back-to-big-state-economics","status":"publish","type":"post","link":"https:\/\/sarasinandpartners.com\/row\/think\/six-minute-strategy-uk-budget-back-to-big-state-economics\/","title":{"rendered":"Six Minute Strategy: UK Budget &#8211; back to &#8216;big state&#8217; economics"},"content":{"rendered":"<p>October\u2019s UK Budget represented what may be one of the largest increases in spending, tax, and borrowing of any fiscal event in history.<\/p>\n<p>Spending policies will add a colossal 2.2% a year of GDP or \u00a369.5bn - \u00a345bn on current spending and \u00a324bn on capital spending. This will be funded by \u00a340bn of extra taxes per year, the most since Chancellor Norman Lamont raised taxes in his 1993 Budget, after Britain was ejected from the European Exchange Rate mechanism.<\/p>\n<p>Join Guy Monson, Chief Market Strategist, as he discusses the implications for the gilt market. With the UK economy already performing relatively well in the months before the Budget, why did Chancellor Reeves adopt such a fundamental switch back to \u2018big state\u2019 economics?<\/p>\n<p><div class=\"responsive-container\"><iframe title=\"Six Minute Strategy: UK Budget \u2013 back to \u2018big state\u2019 economics\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/lbJj-0VkVDo?feature=oembed&enablejsapi=1&origin=https:\/\/sarasinandpartners.com\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div><\/p>\n<p><a href=\"https:\/\/sarasinandpartners.com\/wp-content\/uploads\/2024\/11\/Six-Minute-Strategy-October-31-2024-SAM-web.pdf\" target=\"_blank\" rel=\"noopener\">Download the presentation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>October\u2019s UK Budget represented what may be one of the largest increases in spending, tax, and borrowing of any fiscal event in history. Spending policies will add a colossal 2.2% a year of GDP or \u00a369.5bn - \u00a345bn on current spending and \u00a324bn on capital spending. This will be funded by \u00a340bn of extra taxes...<\/p>\n","protected":false},"author":19,"featured_media":15446,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[140,28,148],"tags":[],"coauthors":[81],"class_list":["post-10371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economicview","category-markets","category-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Six Minute Strategy: UK Budget - back to &#039;big state&#039; economics - Sarasin &amp; Partners Global<\/title>\n<meta name=\"description\" content=\"Join Guy Monson as he unpacks the UK Budget and Chancellor Reeves\u2019 policies to increase spending, tax, and borrowing. What are the implications for the gilt market?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sarasinandpartners.com\/row\/think\/six-minute-strategy-uk-budget-back-to-big-state-economics\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Six Minute Strategy: UK Budget - back to &#039;big state&#039; economics - Sarasin &amp; Partners Global\" \/>\n<meta property=\"og:description\" content=\"Join Guy Monson as he unpacks the UK Budget and Chancellor Reeves\u2019 policies to increase spending, tax, and borrowing. What are the implications for the gilt market?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sarasinandpartners.com\/row\/think\/six-minute-strategy-uk-budget-back-to-big-state-economics\/\" \/>\n<meta property=\"og:site_name\" content=\"Sarasin &amp; Partners Global\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-01T16:37:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-01T16:37:26+00:00\" \/>\n<meta name=\"author\" content=\"Guy Monson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@sarasinpartners\" \/>\n<meta name=\"twitter:site\" content=\"@sarasinpartners\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Guy Monson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/think\\\/six-minute-strategy-uk-budget-back-to-big-state-economics\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/think\\\/six-minute-strategy-uk-budget-back-to-big-state-economics\\\/\"},\"author\":{\"name\":\"Guy Monson\",\"@id\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/#\\\/schema\\\/person\\\/66421d49e781563db76a8340fb37e3d7\"},\"headline\":\"Six Minute Strategy: UK Budget &#8211; back to &#8216;big state&#8217; economics\",\"datePublished\":\"2024-11-01T16:37:04+00:00\",\"dateModified\":\"2024-11-01T16:37:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/think\\\/six-minute-strategy-uk-budget-back-to-big-state-economics\\\/\"},\"wordCount\":140,\"publisher\":{\"@id\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/think\\\/six-minute-strategy-uk-budget-back-to-big-state-economics\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/six-minute-strat-web-image-311024.jpg\",\"articleSection\":[\"Economic view\",\"Markets\",\"Videos\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/think\\\/six-minute-strategy-uk-budget-back-to-big-state-economics\\\/\",\"url\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/think\\\/six-minute-strategy-uk-budget-back-to-big-state-economics\\\/\",\"name\":\"Six Minute Strategy: UK Budget - back to 'big state' economics - Sarasin &amp; Partners Global\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/think\\\/six-minute-strategy-uk-budget-back-to-big-state-economics\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/think\\\/six-minute-strategy-uk-budget-back-to-big-state-economics\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sarasinandpartners.com\\\/row\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/six-minute-strat-web-image-311024.jpg\",\"datePublished\":\"2024-11-01T16:37:04+00:00\",\"dateModified\":\"2024-11-01T16:37:26+00:00\",\"description\":\"Join Guy Monson as he unpacks the UK Budget and Chancellor Reeves\u2019 policies to increase spending, tax, and borrowing. 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