Best viewed on a device with a bigger screen...
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.
This publication is only available to UK Economic Research (Monitor) subscribers
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
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, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence