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23rd Mar 2022 18:00U.K., Daily Monitor

  • Tax and benefit changes will lop 1.3% off disposable incomes in 2022-23, despite Mr. Sunak's new tax cuts.
  • The Chancellor could have been bolder; he has more headroom against his fiscal targets than in October.
  • Don't bank on extra pre-election tax cuts; the OBR is too upbeat on households' spending and productivity.

business investment credit energy fuel government interest payments interest rates March obr October oil productivity public sector rpi trade

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