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20th Nov 2023 19:49U.K., Daily Monitor

  • Public borrowing in October exceeded the OBR’s March Budget forecast for the first time this year.
  • Revisions by the OBR to its economic assumptions likely will not lower the borrowing forecast materially.
  • Mr. Hunt’s fiscal rules don’t rule out tax cuts, but he likely will delay most until after the election to buy some votes.

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Keywords for: 22 November 2023 UK Monitor

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