23 Nov 2020 New OBR Forecasts to Shed Light on Scale of Future Fiscal Tightening

Samuel Tombs (UK Economist)23rd Nov 2020 00:10U.K.

The run of lower-than-expected, though still high, public borrowing continued in October, with "PSNB ex." coming in at £22.3B, well below the £28.7B anticipated by the OBR in August.

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August August forecast borrowing budget covid-19 debt economists economy forecasts gdp gdp forecasts government government spending growth income inflation loan March May monetary monetary policy monetary policy report mpc nhs November obr ONS output gap paye pm policy production psnb public sector q1 q2 q4 tax taxes vat

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