UK borrowing costs fall after early release of budget forecasts – business live
by Graeme Wearden from on (#71RA8)
OBR forecasts appear to show that chancellor has more than doubled her fiscal headroom to almost 22bn
Deutsche Bank's UK economist, Sanjay Raja, has predicted that Rachel Reeves will deliver a second historic tax-raising budget", although the scale won't be as large as last year's effort.
Raja predicts that macro-economic downgrades, policy u-turns, and a push to shore up fiscal resilience will probably lead the Chancellor to deliver nearly 35bn of fiscal consolidation.
Continue reading...