杰富瑞：英国财政前景不甚乐观

Core Viewpoint - Jefferies holds a negative outlook on the UK's fiscal prospects, indicating that the government faces difficult choices ahead [1] Economic Growth Expectations - The economic growth forecast for the UK is significantly lower than the Office for Budget Responsibility (OBR) predictions, with Jefferies estimating a growth rate of 1-1.2% over the next three years compared to OBR's forecast of 1.7-1.9% [1] Fiscal Policy Implications - The lower economic growth rate will render the Chancellor's fiscal plans unrealistic, suggesting that even with tax increases, the government may not achieve the expected revenue [1] Market Reactions - Recent market responses indicate investor concerns regarding the government's ability to reduce the fiscal deficit effectively [1]