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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.

capex cpi cpi inflation debt-to-GDP ratio energy energy prices government interest payments March obr Ofgem policy rpi savings tax cuts vat wages yields

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Keywords for: 22 July 2022 UK Monitor

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