WEEK AHEAD: The highlight of the week ahead......>

UK: WEEK AHEAD: The highlight of the week ahead will be Chancellor Rishi Sunak's

speech on Wednesday. He is due to deliver the summer economic update - an event

which has been scaled down somewhat from the originally mooted summer budget but

is still seen as a significant event (so much so that the linker auction

scheduled for Wednesday has been moved to Thursday instead). The statement is

expected to focus on employment and training. However some of the bigger

policies that could be announced include a time limited cut to VAT (sales tax),

cuts to stamp duty (tax on house purchases) and more money for the NHS. However,

most of the commentary has suggested that most of the big measures may be

delayed until the Autumn Budget so that the government can assess the state of

the economy over the summer before acting.

- Other than the Chancellor's speech, the calendar is fairly sparse for the UK

this week. There is only one MPC member scheduled to speak (Andy Haldane on

Tuesday evening) and the economic data calendar sees no tier one releases.

- For the full document including auction previews, gilt cash flow matrix and QE

tracker see the MNI Gilt Week Ahead sent to MNI Markets clients at 6:48BST.