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Europe Day Ahead: UK’s next dose of austerity

Tuesday, June 25, 2013 - 02:41

June 25 - The UK finance minister sets out his stall for the next round of spending cuts on Wednesday, and the BoE weighs in with its financial stability report.

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Wednesday's top events UK finance minister George Osborne's -- spending -- despite tax rises and spending cuts. Putted boring has remained stubbornly high at the cost yet. And days on Friday shares public net debt -- to recollect levels in Maine. And deal was struck with government departments at the weekend to secure spending cuts. What eleven and a half billion pounds in 2015 to twenty sixteenths to help reduce the budget deficits. Oh not Tom Osborne's review will be scrutinized IG a syndicate says market some more focused on any indications. An increase tennis from incoming Bank of England governor makani. Eleven and a half billion pounds worth of further cuts are gonna be closely watched on Wednesday. To see -- which equity sectors might set suffer on the back of that seven. But I think as far as the UK is consent. We're any days away now from having Malkani. Come in and take his role with the Bank of England's gonna be interesting to see if the sort of stagnation of activity. For the Bank of England will maybe -- change we saw my CI a little bit more of a proactive stance that as far as. Our stimulus for the economy is concerned certainly that's what equity traders will be hoping for. Let Katz is for the Bank of England's financials to -- report for insights into how CB financial sexson -- for the rest of the yet. Expect a press conference on the last ten -- London time. From London to parents ECB policymakers is -- -- -- -- -- annoyance and you've managed will speak at the international institutions finance spring conference. Yeah -- banking union in the next round of bank stress tests might need to be on the agenda at. What next June and we'll be speaking to -- he has an intense us and how and Societe Generale as well you commissioner I get keen on union. Wednesday's economic -- -- points final fringe Q1 GDP number is at 745. The screen and reading -- Europe's second biggest economy slipped into a shallow recession contracting zero point 2% in the last three months of the yet. -- in consumer confidence expected to remain steady at its highest since September 2007. JFK's latest that they'd like these show a -- real wages. Brightening the outlook for -- and recovery. And company need expanded -- releasing its latest trading big is the -- one of the was performances yet on the but he 100. -- complete -- look ahead to Wednesday. I'm managing all this is --

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Europe Day Ahead: UK’s next dose of austerity

Tuesday, June 25, 2013 - 02:41