The economic picture facing the Chancellor
IFS Zooms In: The Economy
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Challenges and Risks: High Debt and Dependence on House Prices
This chapter explores the risks and challenges facing the UK economy due to high levels of debt and dependence on house prices. It discusses the need for the Chancellor to consider factors beyond inflation, the difficult position in terms of limited fiscal maneuver, and the impact of increased debt and higher interest rates on borrowing costs.
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