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23rd Sep 2022 14:29U.K., Weekly Monitor

  • Tax cuts which disproportionately benefit the top 1% of earners will do little to boost demand.
  • Most households are worse off, because the associated depreciation of sterling will raise the price level by 1.5%.
  • Mr. Kwarteng likely will impose tough spending limits in the Budget, to try to reverse the jump in gilt yields

cpi cpi inflation depreciation election gdp growth general election government interest payments July labour mpc obr polls public sector real gdp real gdp growth sterling tax cuts yields

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Keywords for: 26 Sept 2022 UK Monitor

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