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2nd Nov 2022 15:55U.K., Daily Monitor

  • To save £50B, real government spending in 2025/26 will need to be about 1.2% lower than in 2022/23.
  • Investment cuts could plausibly save £11B, while £5B can be saved by ditching a planned rise in overseas aid.
  • Mr. Hunt likely also will resort to raising benefits in April in line with wages rather than prices, saving a further £5B.

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April government government spending wages

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Keywords for: 3 Nov 2022 UK Monitor

April, government, government spending, wages, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence