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21st Sep 2021 18:00U.K., Economic Monitor

  • Public borrowing in August was only slightly below the OBR's forecast; interest payments are picking up.
  • We think the OBR will revise its long-term "scarring" estimate only to 2.5%, from 3.0% previously...
  • ...The workforce has continued to contract this year, confounding the OBR's hopes of a rebound.

activity austerity BoE borrowing budget capex chancellor debt e.u. economic activity economy employment forecast gdp government income inflation interest payments it labour measures nhs obr productivity public sector retail rpi sector spending supply tax tax receipts total spending

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Keywords for: The OBR Likely Won't Gift Mr. Sunak Much Rosier Economic Forecasts

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