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Growth ... What growth?

Tosun, Onur Kemal ORCID: and Lucey, Brian 2023. Growth ... What growth? Finance Research Letters 52 , 103594. 10.1016/

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This study focuses on economic turmoil in the UK between 06September and 19October2022 consequent on a “mini budget” announced by the then Chancellor. Contrary to pre-announcement growth expectations, UK firms lost about 0.30% in daily excess returns and £0.87 million in market value. UK's “Moron Risk Premium” increased by 0.48%. Analyses with Google Search Volume Index support this devastating effect on companies. Durables, construction, manufacturing, and wholesale & retail sectors were less affected by this economic turbulence. We concluded that the announced low-tax economic policy does not always convince markets of future growth, particularly during high inflation and political instability.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Publisher: Elsevier
ISSN: 1544-6123
Date of First Compliant Deposit: 20 December 2022
Date of Acceptance: 15 December 2022
Last Modified: 05 May 2023 22:54

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