Article 63X5Z Silencing mini-budget analysis will not help Truss woo the markets

Silencing mini-budget analysis will not help Truss woo the markets

by
Nils Pratley
from on (#63X5Z)

Government needs independent verification of policies if it is to win vital finance sector confidence

The government's tax-cutting pledges continue to pile up. We already knew Friday's big reveal would bring a cut in national insurance contributions and a scrapping of the planned hike in corporation tax. Now, it is reported, a giveaway on stamp duty on house purchases is on the cards.

The coy phrase fiscal event" doesn't cover it. This is a full-blown budget in all but name. And, critically, it is being launched against the backdrop of a blank-cheque pledge to freeze household energy bills for two years, plus a parallel promise to support companies, charities and public sector organisations for six months - measures that, together, could conceivably add 150bn to public borrowing over the next two years.

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