Pantheon Macroeconomics
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19th Aug 2022 09:12U.K., Daily Monitor
Interest payments look set to be about £37B higher in 2022/23 than the OBR forecast in March.
So the next PM will have to borrow more this year than last to have a fighting chance of averting a recession.
We expect Ms. Truss to unveil tax cuts and extra grants worth an extra £20B this year, and £44B in 2023/24.
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