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20th Jun 2023 18:36U.K., Daily Monitor

  • The OBR would raise its forecast for interest payments in 2024/25 by £39B, if it republished estimates today.
  • That surely would rule out pre-election tax cuts in the Autumn Statement, though the outlook is fluid.
  • The BoE’s mortgage data aren’t proof of lengthening mortgage terms, but the anecdotal evidence is strong.

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Keywords for: 21 June 2023 UK Monitor No Scope for Pre-Election Tax Cuts, if Markets are Right about Bank Rate

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