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21st Dec 2023 19:19U.K., Daily 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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Keywords for: 22 December 2023 UK Monitor Modest Budget Tax Cuts Still in Play, Despite the Borrowing Overshoot

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