UK stocks can rally after that budget

Like all budgets, there is a recent announcement that will bring both joy and frustration to UK stocks. In another article today, I have already explored a stock that could suffer due to the recent policy measures, combined with high inflation. Here, I’m talking about UK stocks that could rally because of the budget, if they haven’t already started doing it.

The cost is a reversal of cost

From an overall perspective, it is clear to me that the UK budget encourages spending. After spending more than a year in lockdown, it seems appropriate. But it is also an attempt to boost the economy. Consider raising the national minimum wage. This is an increase of 6.7% per hour for everyone over the age of 23 to 9.5. It could give retailers a lift because consumers now have more disposable income. Includes stock choices that can be profitable Tesco, JD Sports Fashion, And Next Among others.

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Budget pub stocks encouraged

By division, pub stocks will benefit from lower alcohol tariffs on beverages such as sparkling wine and cider. Pubs have faced a number of challenges recently. They must have suffered a blow during the lockdown. But in addition, they have faced labor crises as well as high value-added taxes. Reducing alcohol tariffs would be a welcome relief for them. This stock has rallied today. Both Weatherspun And Mitchells and Butler Is in the top three FTSE 250 As I write this the price of each share is 5% + with the gainers today.

Some airlines may benefit

Then there is aviation. Duties on flights within the UK have been halved to encourage people to gather within the country. The Easy jet The share price has risen in the announcement. Although the company has a network in several countries, it also operates flights to the United Kingdom. And if travel to the UK increases due to these tariff cuts, the country could also become a major source of revenue for it. The airline struggled a lot last year, as travel stalled and management disagreed which did not benefit its share price.

Which UK stock should I buy?

I’ve written at length about each stock in the UK that could benefit from an autumn budget. Not often, my verdict was bullish. But now it is more. I already bought the stock like JD Sports Fashion And Easy jet. This could be a good time to focus my attention on pub stocks, which I think are trading far less than their potential at the moment. Growth is expected to remain strong, with lower alcohol tariffs and ease at Covid-19, they may return sooner than we expected. This is especially so we are moving towards the festive season soon I will now take a closer look at deciding which one to buy.

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Manika Premsingh owns shares in JD Sports Fashion and EasyJet. The Motley Fool UK owns the shares and recommends Next. The Motley Fool UK Tesco recommends. Opinions about the companies mentioned in this article may differ from those of the author and therefore our official recommendations for subscription services such as Share Advisor, Hidden Winner and Pro. Here at The Motley Fool we believe that considering different range of insights makes us a better investor.

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