Abstract
If the Budget produced the sound of popping corks along Throgmorton Street as
the brokers and jobbers celebrated, the noise of asprin bottles rattling was
probably more audible in the banking and insurance halls over the way in Lombard
Street and four hundred miles to the north in Edinburgh. Remarks about 'Black
Tuesday' probably overdo things a bit, for not all was bad news, but the Budget
clearly has complex and in many cases difficult implications for the nation's major financial institutions, which this brief economic perspective considers.
the brokers and jobbers celebrated, the noise of asprin bottles rattling was
probably more audible in the banking and insurance halls over the way in Lombard
Street and four hundred miles to the north in Edinburgh. Remarks about 'Black
Tuesday' probably overdo things a bit, for not all was bad news, but the Budget
clearly has complex and in many cases difficult implications for the nation's major financial institutions, which this brief economic perspective considers.
| Original language | English |
|---|---|
| Pages (from-to) | 57-58 |
| Number of pages | 2 |
| Journal | Quarterly Economic Commentary |
| Volume | 9 |
| Issue number | 4 |
| Publication status | Published - May 1984 |
Keywords
- Scottish financial institutions
- budget
- banking
- financial services
- taxation