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22nd Jan 2024 12:42UK, Daily Monitor

  • Vacancies are falling and redundancies are grinding higher; still no big shifts, but February is a key month.
  • The OBR’s medium-term RPI inflation forecast is too low; a reappraisal would limit the rise in fiscal headroom.
  • Markets’ willingness to absorb extra issuance is the main constraint on tax cuts; Mr. Hunt won’t push it too far.

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Keywords for: 23 January 2024 UK Monitor

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