The Chancellor, Rishi Sunak, will use his Spring Statement on 23rd March to soften the blow for households facing rising energy and food costs. However, any hopes that he will announce a big handout may be disappointed as he tries to strike a balance between the near-term political benefits of supporting households now and the medium-term political benefits of fiscal restraint that will allow him to loosen the purse strings ahead of the May 2024 general election. Bank of England Drop-In (17 March, 09:30 EST/14:30 GMT): The MPC has a tricky decision to make at its March meeting. Join Paul Dales and Ruth Gregory for a discussion about the outcome and the path ahead for UK growth, inflation and policymaking. Register here.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.