UK isn't getting much/any tariffs from US and since rates(global) are being lowered, consumer spending can be higher. Great. Although there's significant possibility tax hike in the UK
Yes, that downside risk is fairly small though. As a percentage, the change in tax isn't enough to affect consumer spending to a degree that'll cause shifts in spending (in my opinion).
UK isn't getting much/any tariffs from US and since rates(global) are being lowered, consumer spending can be higher. Great. Although there's significant possibility tax hike in the UK
Yes, that downside risk is fairly small though. As a percentage, the change in tax isn't enough to affect consumer spending to a degree that'll cause shifts in spending (in my opinion).
Makes sense. Plus rates have only be lowered thrice compared to other developed economies. There's much upside for consumption in the UK