UK budget could show fiscal policy tightening, slow BOE plans

FXStreet (Mumbai) - The UK government is widely expected to provide details on plans to cut government spending (fiscal tightening) in its latest budget today.

However, many analysts and investors agree that any additional spending cuts are unlikely to derail a gradual improvement in the economy. However, significant many also believe the budget could have an impact on the markets.

The fiscal tightening amid Greek crisis could lead to a delay in the Bank of England’s interest-rate rise.