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Analysts at Goldman Sachs are predicting that economic uncertainty in the UK should fall once Wednesday’s budget has passed – unless the bond market reacts badly, of course!
In a research note, they predict Rachel Reeves will steer a middle course, which could be good for shares in UK companies.
Our economists expect the government to set a budget that finds a middle ground: it won’t be so tight as to hinder growth and investment, nor so loose as to risk fiscal stability.
If this is the case, it would be a support for our Buy British view and Long recommendation on FTSE 250.
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