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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. 

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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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