Fiscal Forecasts and Political Implications

This chapter explores the upcoming economic forecasts from the Office for Budget Responsibility, focusing on the government's strategy to limit fiscal events to one major budget annually. It examines the potential impacts of downgraded growth projections, increased borrowing costs, and their implications on public spending, welfare, and defense needs amidst international tensions. The discussion also highlights the challenges faced by the Labour party due to budget cuts reminiscent of austerity measures and the public's negative sentiment towards such fiscal policies.

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