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Autumn Statement ‘a reasonable shot across the bows’ says analyst David Buik

Wednesday, November 23, 2016 7:33
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Business Commentator at Panmure Gordon, David Buik, spoke to Proactive Investors following Philip Hammond’s maiden Autumn Statement as Chancellor.

”’The first thing that caught me was that he seems very comfortable in his shoes as Chancellor – he’s got a nice dry wit about him. ”

”He’s very clear and obviously in conjunction with the Prime Minister Theresa May that fiscal discipline will be maintained. There’ll be no question of any surplus by 2019/2020. But, nonetheless they’re not going to leave things too long before they start actually reigning things in”, Buik said.

”What’s extremely interesting is the amount of money he’s prepared to spend and a lot of people have been saying where’s he going to get it from. Frankly he’s just going to use the gilt markets and he will be issuing stock.”

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