Omicron Hold Steady With No Interest Rate or Tax Changes
Published / Last Updated on 03/12/2021
Confirmation of a new variant of concern last week, now called Omicron promoted stock market falls but have since recovered a little.
We suspect that despite expected interest rate increases to control inflation and higher taxes for capital gains tax and inheritance tax, no major changes will be made in the short term.
There is simply not enough scientific data available concerning omicron’s:
- Impact
- Infection rates
- Death rates
- How existing vaccines cope with the new variant
We suspect both government and central banks will want stability for the coming weeks and over the festive season for:
- Stock markets
- Commodities
- Taxes
- Inflation and interest rates
In the words of the song, “Rock the boat, don’t rock the boat baby, don’t tip the boat over”.
