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The budget and the Scottish financial institutions

Baird, Grant (1984) The budget and the Scottish financial institutions. Quarterly Economic Commentary, 9 (4). pp. 57-58. ISSN 0306-7866

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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.