22 December 2023 UK Monitor Modest Budget Tax Cuts Still in Play, Despite the Borrowing Overshoot
21st Dec 2023 19:19UKDaily Monitor
- Borrowing in the first eight months of 2023/24 is currently estimated to have topped the OBR's forecast by £6B…
- ...But early borrowing estimates often are revised down, and lower RPI inflation will weigh on interest payments.
- The fall in interest rate expectations suggests Mr. Hunt has scope to cut taxes by about £15B in the Budget.
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