Pantheon Macroeconomics

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30th Jan 2024 19:42UK, Daily Monitor

  • New population estimates will likely raise the Chancellor’s room for tax cuts by £5B-to-£10B.
  • The ONS has raised its forecast for growth in the working age population to 1.0% y/y over 2023-2029, from 0.6%.
  • We think the OBR will respond by lifting its forecast for year-over-year growth in potential GDP by about 0.1pp.

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Keywords for: 1 February 2024 UK Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence