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24th Jul 2023 20:34U.K., Daily Monitor

  • The Chancellor will stick to plans to tighten fiscal policy in 2024, despite the approaching general election.
  • Recent outturns suggest public borrowing will under- shoot the OBR’s forecast by £16B this year...
  • ...But it will hike its forecast for interest payments in 2024/25 by about £38B; investors won’t permit tax cuts.

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Keywords for: 26 July 2023 UK Monitor

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