Pantheon Macroeconomics
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14th Jul 2022 14:53U.K., Daily Monitor
The trade deficit remained extremely large by past standards in May, driven by a surge in imports.
We expect the deficit to remain huge over the rest of the year; it is on track to be the biggest since the 70s.
Tory candidates tax pledges would have to be very large in order to alter the economic outlook materially.
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