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21st Aug 2023 19:46U.K., Daily Monitor

  • The Chancellor looks set to tighten fiscal policy next year, even though that would be rare in an election year.
  • July’s public finances data suggest borrowing will undershoot the OBR’s £132B in 2023/24....
  • ...But the outlook for debt interest payments has taken a hit from higher gilt yields and rate expectations.

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Keywords for: 23 August 2023 UK Monitor

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