Pantheon Macroeconomics

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4th Nov 2022 16:13U.K., Weekly Monitor

  • The U-turn in the direction of fiscal policy has offset the better news on the outlook for borrowing costs.
  • Plausible assumptions suggest Autumn Statement measures will inflict a 0.3% blow to GDP in 2023/24.
  • A halving of energy price support for households in April would raise the path for CPI inflation by about 2.0pp.

April borrowing cpi cpi inflation energy fiscal policy gdp households inflation policy

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Keywords for: 7 Nov 2022 UK Monitor

April, borrowing, cpi, cpi inflation, energy, fiscal policy, gdp, households, inflation, policy, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence