Skip to main content

Farewell fiscal loosening

The reports that Chancellor, Jeremy Hunt, in his Autumn Statement on 17th November will unveil a fiscal tightening of up to £50bn suggests that fiscal policy will soon become a major drag on the economy. The clear risk to our forecast is that the recession is deeper and/or longer than we expect and that interest rates may not need to rise as far.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access