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16th Oct 2024 15:17UKDaily Monitor

  • The October 30 Budget will likely boost government spending more than taxes, raising growth.
  • Tax hikes will pay for day-to-day spending, while Ms. Reeves will tweak her fiscal rule to boost investment.
  • Markets will be unruffled, so gilt yields could fall as any additional sovereign risk premium unwinds.

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Keywords for: 18 October 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence