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22nd Mar 2022 18:00U.K., Daily Monitor

  • Public borrowing in February exceeded the OBR's forecast by £5B; interest payments were partly to blame.
  • The OBR's forecast for interest payments in 2022/23 likely will rise by more than its forecast for tax receipts.
  • Mr. Sunak still can support households today, but he will prioritise retaining scope for pre-election tax cuts.

disposable income election government interest payments May obr October ONS public sector public spending rpi Spring Statement

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Keywords for: Rising Interest Payments Explain Mr. Sunak's Expectations Management

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