Financial Forecasts

Recent financial reports have claimed that public finances are depreciating at a disturbing rate and that net borrowing will rise to £180bn, exceeding the forecasts the Chancellor has already predicted.  The Ernst & Young Item Club conjecture has also called for a temporary cut in National Insurance contributions in the hope that it may encourage businesses to employ staff.  If anyone unfortunate enough to be without employment at the moment has looked within the job pages and recruitment centres, they will have noticed there is very little to pick and choose at.

The IMF has recently declared that the UK would have to borrow 11% of national income to be able to combat the economic catastrophe we are currently experiencing, however the Item Club have acknowledged that this figure is somewhat on the hopeful side and that the more realistic figure would be somewhere in the region of 12.6% and even this would not suffice a noticeable change in the running deficits.

Whilst the above news is good for some and bad for others, in a spread better’s opinion, predictions have been made and are there for the taking.  For instance, the 11% calculation of borrowings may be more, then again it may be less, and that’s where a spread better would enter into the ‘gamble’, by spreading out how they foresee the outcome.  Of course, as is always advised, study your spread betting intentions; by researching carefully and picking the correct time to spread bet, you stand to make some well deserved winnings and because spread betting is not within the same scope as gambling, all your winnings are exempt from taxes.