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16th Mar 2022 18:00U.K., Daily Monitor

  • We expect the OBR to revise up its "pre-measures"2022/23 public borrowing forecast by £3B to £86B...
  • ...But Mr. Sunak's headroom in meeting his three-year ahead rules will not decline; inflation will ease in time.
  • The Chancellor, however, will want to preserve this headroom to cut taxes just before the next election.

cpi cpi inflation credit election energy fuel loans May nominal gdp obr October policy rpi tax cuts tax receipts vat yields

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Keywords for: The Next Election is too Distant for a Very Stimulative Spring Statement

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