An investor-friendly budget

Despite earlier concerns, there are few signs of economic weakness. Indeed an anticipated ‘fiscal consolidation’ may never come to pass.

Regardless of your political views – or your view on whether you think the budget is good overall or not – the key takeaway for me in this budget is that there is nothing to cause undue worry to investors. There is nothing that, for instance, adds to the case for a shift out of resources or to sell apparently overvalued banks.

In fact it’s quite the opposite, and in a market where investors are rightfully skittish – bombarded with an array of conflicting advice – I think investors should probably take heart from this budget.

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