Spring Fiscal Statement – Big political bang, smaller economic boost

The Chancellor, Rishi Sunak, provided more support to the economy than we had expected over the next few years in today’s Spring Fiscal Statement, but he could have gone further in 2022/23. Instead, he chose to bank some extra cash so there’s scope for him to cheer up the public ahead of the 2024 general election. For the economy, it would have been better to help households more now.

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