Despite an enormous hit to the public finances as a result of the pandemic, the latest evidence is that the budget deficit will undershoot official forecasts, potentially giving the chancellor more room for manoeuvre. But the chancellor is wary about this improvement and is far from ready to relax about borrowing and debt.
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Despite an enormous hit to the public finances as a result of the pandemic, the latest evidence is that the budget deficit will undershoot official forecasts, potentially giving the chancellor more room for manoeuvre. But the chancellor is wary about this improvement and is far from ready to relax about borrowing and debt.
If you are not a subscriber, subscribe now to read this content.
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