|
|||||
|
|
UK Forecast in Detail |
|
| Abstract: | The Chancellor's post‐election ‘Summer Budget’ saw pragmatism trump ideology, with a relaxation of the squeeze on departmental spending and a slower path of deficit reduction. But the price for this was a sharp cut in the welfare budget and a hike in taxes. Overall, fiscal policy is set to remain a drag on the economy.… |
| Keywords: | |