Pantheon Macroeconomics

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25th Apr 2023 15:37U.K., Daily Monitor

  • Public borrowing undershot the OBR’s forecast by £13B in 2022/23, but interest payments will be sticky this year.
  • The current fiscal plans incorporate net tax rises equal to 0.8% of GDP in 2024/25...
  • ...But almost every government has cut taxes in a general election year; nervous Tory MPs will force a U-turn.ncertainty data are more tempered; we see EURUSD at 1.15 by the end of Q2.

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Keywords for: 26 Apr 2023 UK Monitor

election, general election, government, interest payments, mps, tax cuts, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence