NewsBot
06-Nov-23, 10:30
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Higher Inflation Will Improve Outlook For Chancellor - But Extra Headroom Is A Fiscal Illusion Founded On Implausible Spending Plans
Stickier-than-expected inflation is leading to higher tax receipts and lower borrowing that will increase the Chancellor's fiscal headroom to around £13 billion in his Autumn Statement. But this extra headroom is a ‘fiscal illusion’ founded on pretending the higher inflation that boosts tax revenues won’t push up spending too, according to new Resolution Foundation research published today (Monday 6 November 2023). [Read Full Article (https://caithness-business.co.uk/article/21834)]
Higher Inflation Will Improve Outlook For Chancellor - But Extra Headroom Is A Fiscal Illusion Founded On Implausible Spending Plans
Stickier-than-expected inflation is leading to higher tax receipts and lower borrowing that will increase the Chancellor's fiscal headroom to around £13 billion in his Autumn Statement. But this extra headroom is a ‘fiscal illusion’ founded on pretending the higher inflation that boosts tax revenues won’t push up spending too, according to new Resolution Foundation research published today (Monday 6 November 2023). [Read Full Article (https://caithness-business.co.uk/article/21834)]