UK Chancellor Jeremy Hunt leaves £8.9bn ($11.3bn) leeway for fiscal targets, per OBR.

UK's Chancellor Jeremy Hunt has left himself and his successors a "historically modest" leeway of £8.9bn ($11.3bn) to meet self-imposed fiscal targets, according to the Office for Budget Responsibility (OBR). The OBR said that Hunt's budget has "just enough to meet the government's fiscal rules on our central forecast with underlying debt falling as a share of GDP in 2028-29". This margin is small compared to the risks, the OBR added.

March 06, 2024
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