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26th Apr 2022 18:00U.K., Daily Monitor

The estimate of public borrowing in 2021/22 almost certainly will be revised down over the coming months.

But we think public borrowing is on course to overshoot the OBR's forecast in 2022/23 and beyond.

The OBR's assumption that productivity will grow at double the pace seen in the 2010s is implausible.

construction debt-to-GDP ratio electricity government interest rates labour May mpc obr ONS productivity psnb public sector q1 rpi rpi inflation supply chain

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Keywords for: Public Borrowing Likely to Exceed the OBR's Forecast This Year

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