John Husselbee: 2017 Autumn Budget's investment implications

Growth downgrade jumps out

clock • 2 min read

John Husselbee assesses the investment implications of the 2017 Autumn Budget speech but finds little that would encourage him to consider any shift in tactical asset allocation

Amid some headline-grabbing measures on stamp duty and driverless cars, this looks a fairly thin Budget that characterises a government without a strong mandate. With obvious concerns about getting proposals through the House of Commons, anything radical was always unlikely from Chancellor Philip Hammond and there is nothing in today's speech that would encourage me to consider any shift in tactical asset allocation. John Husselbee: View from the front row What does jump out from today is a downgrade in the growth forecast from 2% to 1.5% for 2017, with GDP also cut to 1.4%, 1.3% a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read
Royal London cuts number of governed range portfolios

Royal London cuts number of governed range portfolios

Renaming remaining portfolios to reflect level of investment risk

Jenna Brown
clock 18 November 2024 • 1 min read
AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read