UK Fiscal Statement: Extra headroom may soon be wiped out
The Chancellor didn’t announce any major new policies in her fiscal statement and, on the face of it, has a bit more money to play with come the Budget in the autumn. But that could be swamped by events in the Middle East. The economics could therefore point to more tax hikes. But political pressures point to more government spending in the near term and a bigger tightening in fiscal policy later on.
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