The news that total borrowing in 2022/23 was £13.2bn lower than the Office for Budget Responsibility (OBR) predicted only a month ago provides the Chancellor with more wiggle room to cut taxes and/or raise spending ahead of the next general election, which is due to take place by January 2025.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.