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Liz Martins
Senior UK Economist at HSBC Global Research, providing analysis on the UK budget, fiscal headroom, productivity forecasts, and implications for inflation and monetary policy.
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Nov 28, 2025
• 12min
The UK's budget tightrope
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Liz Martins, Senior UK Economist at HSBC Global Research, and Nick Andrews, Senior FX Strategist, delve into the recent UK budget. Liz highlights how the budget avoided messy outcomes and provided relief to markets, while also addressing the implications of rising taxes linked to an aging population. Nick discusses the currency markets, focusing on sterling's reaction and how inflation expectations influence the Bank of England's decisions. They also touch on productivity forecasts and the potential impact of AI, making for a captivating discussion.
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