Thread: Chancellor delivers plan for stability, growth and public services
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Old 17-11-2022, 12:52   #2
1andrew1
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Re: Chancellor delivers plan for stability, growth and public services
From Paul Johnson, Director of the Institute for Fiscal Studies
Quote:
Simply staggering numbers in OBR report. Real Household Disposable Income per person to fall more than 7% over next two years. Biggest fall on record. Taking incomes down to 2013 levels.

More remarkable OBR numbers. Tax hitting record levels as a fraction of national income

Interest spending going through the roof. Responsible for most of the deterioration in public finances. High interest rates, high borrowing, high inflation, and huge amounts of debt held by Bank of England, cost us very dear.
https://twitter.com/PJTheEconomist
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