U.K. budget

Several Events to Watch Today

March 21, 2012

British Chancellor of the Exchequer George Osborne delivers a 2012-13 budget today that will press onward with substantial austerity yet manage to offer some tax reductions.  At stake is whether the economy can retain its top AAA credit rating. Fed Chairman Bernanke testifies in Congress on Europe.  The gist of his remarks surfaced earlier.  He […] More

Messy Politics

March 23, 2011

Peripheral bond premiums in the euro area continued to widen.  Main focus is on Portugal, where a key budget meeting sees mounting resistance to austerity moves, possible fall of the government, and then need for bailout money or default. Allies are bickering over command responsibilities in imposing a no-fly zone over Libya. The minority Conservative […] More

Next Week

March 19, 2010

Data and event highlights next week are the annual British budget, the do-or-die moment of the U.S. healthcare debate, Euroland’s preliminary Flash readings, U.S. home sales, and the congressional testimony of Fed Chairman Bernanke on the policy exit strategy.  It will be short week for Japan, where markets will be closed Monday to observe the […] More