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26th Feb 2025 09:35UKDaily Monitor

  • Higher interest repayments and lower tax receipts will increase forecast government borrowing.
  • We estimate that the Chancellor’s £8.9B headroom against her fiscal rules has been wiped out.
  • We expect the Chancellor to respond on March 26 with back-loaded public spending cuts.

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Keywords for: 28 February 2025 UK Monitor

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