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.

corporation tax electricity energy energy prices government housing market interest payments July March natural gas nhs obr October public finances public sector q1 rpi September Spring Statement tax cuts tax receipts vat

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Keywords for: 23 Aug 2022 UK Monitor

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