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F. T. : Gordon Will Be Smiling On Budget Day

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Lex live: UK Budget

Published: March 15 2006 14:54 | Last updated: March 15 2006 14:54

Gordon Brown freed UK monetary policy from political inteference. Next week's budget will be a reminder that fiscal policy remains firmly in his grasp. The chancellor, tantilisingly close to becoming prime minister, is likely to shirk the unpleasant belt-tightening that typically follows a general election.
Admittedly the credibility of the chancellor's forecasts has improved since December's pre-budget report. Fourth-quarter gross domestic product growth of 1.8 per cent year-on-year confirmed a modest bounce back.
House prices have stopped falling
. Consensus estimates of 2006 GDP growth have drifted up to the mid-point of the Treasury's 2-2.5 per cent range. Government receipts in January were also exceptionally strong.

To the great British Public (sheeple), the "Miracle Economy" has not lost any of its glitter.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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