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24th Apr 2024 11:19UKDaily Monitor

  • The first estimate of 23/24 borrowing topped the OBR’s forecast by £7B, but revisions may improve the picture.
  • The OBR will likely revise up its forecast for debt interest payments and nudge it down for the tax-to-GDP ratio...
  • ...But the Chancellor can pencil in even more implau- sible forecasts for spending in order to cut taxes now.

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Keywords for: 25 April 2024 UK Monitor

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