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21st Nov 2023 20:27U.K., Daily Monitor

  • The OBR judges the Autumn Statement measures lift aggregate demand relative to supply by 0.1% at most.
  • Fiscal policy remains set to be tightened substantially next year, almost as much as previously planned.
  • Mr. Hunt might cut more taxes in March, but the rise in gilt yields after his NI announcement will instil caution.

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Keywords for: 23 November 2023 UK Monitor

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