Pantheon Macroeconomics
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21st Jul 2022 15:19U.K., Daily Monitor
Accrued debt interest looks set to top the OBR’s forecast by £21B this year, and £15B in the medium term...
...This leaves insufficient headroom for Ms. Truss to de- liver her tax cuts and still run a balanced current budget.
Labour supply has not been hit by April’s increase in NI contributions; reversing it won't be self-funding.
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