Newsquawk Ad-Hoc Economic Analysis - PREVIEW: UK Budget due Wednesday March 3rd at 12:30GMT/07:30ET

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BACKGROUND: With it being around a year since Sunak’s last budget update, markets await details on how the Treasury plans to guide the UK economy through what is expected to be the recovery phase of the pandemic. Despite the relative success of the UK’s vaccination efforts, some support measures will remain in place in the short-term as the economy begins to reopen. The main challenge for the Chancellor will be how to align the optimism from the rapid rollout of vaccines in the UK with the need to ensure that the recovery is not blunted by overly restrictive fiscal policy whilst also looking to address the hole in the UK’s finances, which some estimate could reach GBP 40bln by the end of the current parliament in 2024, according to the FT.

• Watch live here. Note, this is the link to the House of Commons and as such will be showing the weekly PMQs until the budget starts from around 12:30 onwards
  

03 Mar 2021 - 12:05- Fixed IncomeResearch Sheet- Source: Newsquawk