The focus for the investors trading in the Pound or any other UK assets is on the upcoming budget, which is the first one for Prime Minister Theresa May’s government. Here are the key points to note ahead of the budget,

• UK Chancellor of the Exchequer Phillip Hammond will deliver his first budget speech tomorrow on March 8th, which is scheduled to begin at 12:30 GMT.
• The Speech will be broadcasted live by the British Broadcasting Corporation (BBC) or you can watch it live on YouTube.
• Mr. Hammond has already said that the United Kingdom must learn to live within its means; hence he cannot risk a huge spending spree. While his predecessor George Osborne was notorious for his cuts to balance the budget, Mr. Hammond is unlikely to be that much merciless. However, he is expected to introduce tax increases.
• He is, however; set to announce emergency cash injection to combat the crisis in social care.
• The duties on alcoholic products are likely to increase.
• VAT is not expected to get increased.
• Other means to plug deficit could be an increase in the Stamp duty, insurance tax, and scaling back pension relief.
• The budget could allocate some money for the Brexit negotiations.

The budget speech is expected to last about 90 minutes.