Keeping the markets onside is the chancellor’s priority but it’s not an easy task given their simplistic, misplaced views on welfare cuts
There are less than three weeks to go. In the lengthy wait for Rachel Reeves’s autumn budget, the chancellor will on Monday get the first verdict on her tax and spending plans from the Office for Budget Responsibility (OBR).
After the interminable weeks of speculation, kite flying and bad headlines, this moment matters. Has the widely anticipated fiscal gap of up to £30bn been filled? At what cost for growth, inflation, and living standards?
However, the welfare-cutting bias in the City is simplistic, misplaced, and could condemn Britain to a worse trajectory.”
Continue reading…Keeping the markets onside is the chancellor’s priority but it’s not an easy task given their simplistic, misplaced views on welfare cutsThere are less than three weeks to go. In the lengthy wait for Rachel Reeves’s autumn budget, the chancellor will on Monday get the first verdict on her tax and spending plans from the Office for Budget Responsibility (OBR).After the interminable weeks of speculation, kite flying and bad headlines, this moment matters. Has the widely anticipated fiscal gap of up to £30bn been filled? At what cost for growth, inflation, and living standards?However, the welfare-cutting bias in the City is simplistic, misplaced, and could condemn Britain to a worse trajectory.” Continue reading…