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24th Nov 2025 10:03UKDaily Monitor
  • Backloaded distortionary tax hikes will lack the credibility of an income tax hike.
  • Ms. Reeves will struggle to fund the biggest directly inflation reducing measures speculated about.
  • Gilt yields are likely to rise after a less disinflationary and credible Budget than expected.

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Keywords for: 25 November 2025 UK Monitor

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