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25th May 2022 18:00U.K., Daily Monitor

Public borrowing in April was in line with the OBR’s forecast, but expect upside surprises later this year.

Mr. Sunak likely will not opt to reduce the main rate of VAT; firms would benefit more than households.

Bringing forward April 2023’s large CPI-linked increase in benefits to October would make the most sense.

debt-to-GDP ratio deficit energy energy prices fuel government January March May mpc obr October Ofgem polls productivity public sector rpi rpi inflation services sector tax receipts vat

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Keywords for: Upside Risks to Public Borrowing Won't Stop Mr. Sunak Supporting Households

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