Today’s UK budget is called ‘the budget for growth’ with the four E’s of enterprise, education, employment, and everywhere. Jeremy Hunt heavily trailed the latter in a speech he made at Bloomberg’s offices in January. Many of the proposals in the Budget were as expected and were known by the media. In other words, there …
Key UK economic data to consider ahead of Budget 2023
Ahead of the March 15 Budget, some of the most important data released in February are worth reviewing to gain insight into what flexibility and room for policy manoeuvre the Chancellor may or may not have available. These are price inflation, wage inflation, economic growth, public sector borrowing figures and money supply. The essential news …
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Has the Chancellor tightened policy too much?
Framed as a budget to shrink debt and control inflation, Jeremy Hunt’s statement in the fifth fiscal event of this year essentially left most of the heavy lifting to 2025 and beyond. Of the measures announced, some three quarters were spending cuts, and just one quarter were tax increases. Of the £61.7 billion fiscal tightening …
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