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Press release
Deteriorating outlook for the public finances amid heightened uncertainty casts doubt on plausibility of promises of large permanent tax cuts
The two candidates for Prime Minister need to recognise the even greater than usual uncertainty in the public finances.
Briefing note
The outlook for the public finances under the Bank of England’s August 2022 forecast
This report sets out an illustrative scenario for how the current path of inflation and growth might affect government revenues and spending and discusses the resulting consequences for the scope for permanent tax cuts.
Press release
£12 billion needed if government wants to maintain value of household support package
The government would need to find £12 billion simply to achieve what it was aiming to do with the £24 billion package announced in May.
Observation
The long squeeze: rising inflation and the current government support package
the_long_squeeze_rising_inflation_and_the_current_government_support_package
Newspaper article
Can we all eat cake? Political leaders should explain that is pure fantasy
"Over the next few years, we can have some combination of sound public finances, a well-funded welfare state and tax cuts. We can’t have all three."