Inflationary tax hikes and rising yields are the key risks facing UK domestic stocks, real estate and homebuilders, according to Goldman Sachs strategists.
- The team led by
Sharon Bell says bond market is key to sector performance- Rate-sensitive sectors such as real estate and homebuilders should benefit most if budget lowers fiscal risk and is seen as non-inflationary
- Goldman Sachs economists expect the government to deliver around £30b of fiscal measures in the budget; adjustment likely to come on tax side including an extension of tax threshold freezes, new gambling taxes, tax avoidance measures, as well as changes in pensions ...