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20th Feb 2024 18:57UKDaily Monitor

  • Public borrowing in 2023/24 is set to undershoot the OBR’s Autumn Statement forecast by about £10B.
  • The OBR will revise down its forecast for debt interest payments in 2024/25 by around £14B...
  • ...enabling Mr. Hunt to cut taxes materially without risking markets’ ire with higher debt issuance projections.

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Keywords for: 22 February 2024 UK Monitor

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