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17th Nov 2022 16:15U.K., Daily Monitor

  • Most of the spending cuts and tax rises announced by Mr. Hunt do not kick-in until after the next election...
  • ...But the rapid withdrawal of energy price support next year will ensure that the economy remains in recession.
  • Mr. Hunt has less fiscal headroom than his predecessors; further adverse shocks will be met with extra cuts.

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Keywords for: 18 Nov 2022 UK Monitor

economy, energy, tax, uk, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence