Cyprus seeks support from Russia

Thursday 21st March, 2013

FX Market Overview The press have really odd priorities don’t they. In his budget yesterday, the Chancellor cut business taxes, put a mortgage assistance plan in place, reduces the national insurance burden on companies, brought capital gains tax to a very attractive level to lure in new businesses, downgraded growth forecasts, scrapped a petrol tax hike and what did the TV and newspapers focus on? 1p off a pint of beer! Who gives a (expletives deleted) when there are so many other matters at hand. Either way, the budget plus a slight drop in UK employment and nervousness ahead of this morning…

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