What will the election mean for the UK economy?22 . 11 . 2019
Who will win this election and how will it change things? Guy Foster, Brewin Dolphin’s Head of Research asks Chief UK Economist at Pantheon Macroeconomics, Sam Tombs. What are the likely outcomes and what policies would be the result? Does the potential for fiscal spending increase the risk of inflation? Can the government attract the staff to spend extra funds on? And how will this increase in spending meet with approval of the fiscal watchdog, the Office of Budgetary Responsibility? The election will also be pivotal in terms of determining the likely direction of Brexit and Sam outlines the situations in which No Deal may be back on the table and the potential future trading relationship with the EU towards the end of 2020 (assuming the Withdrawal Act is eventually passed).