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KPMG forecasts upbeat Budget

KPMG predicts that the chancellor Gordon Brown’s upcoming pre-Budget report in December will be an upbeat statement.

Andrew Smith, chief economist at KPMG, says: “This year’s pre-Budget report is billed as being more about the long-term than the short-term. The issue is what happens in the next cycle. On current plans, the books will be balanced by constraining spending growth to below the growth rate of the economy.”

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FSA urges Europe to think beyond market regulation

The Financial Services Authority says regulation of the European mortgage market is not the only solution to increasing cross-boarder activity, and market-led initiatives could be just as effective.Speaking at the European Mortgage Federation conference in Brussels last week, John Tiner, chief executive of the FSA, told delegates that unless there was evidence of a failure […]

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