Pantheon Macroeconomics

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

The £15B support package is hefty, timely and targeted; it offsets most of October’s £24B energy bill rise.

The extra cash likely will lift GDP by 0.7% in the second half of this year; this matters for monetary policy.

Strikes will become more common over the coming months, but won’t tip the balance towards recession.

core goods cpi cpi inflation credit energy energy prices fuel government government spending July June labour May obr Ofgem pension public sector real incomes real wage recession savings September unemployment unemployment rate winter

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Keywords for: The Chancellor's Extra Measures Meaningfully Reduce Recession Risk

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