Tuesday October 20, 2020

Our fiscal cupboard is bare for Brexit day

Fiscal space? We’re already knocking our heads against the ceiling

Ian Guider

Markets Editor

11th June, 2017

It’s time to talk about fiscal space. Or the diminishing amount of it.

Last week’s public sector pay deal cuts deeper into the money the state has to spend on tax cuts or public services in next year’s budget.

With less than six months of the year gone, almost all of the headroom the state expected to be able to use next year has already been eaten up with...

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