We expect Gordon Brown’s tenth Budget to contain tax increases worth £3bn to £4bn, probably rather larger than most people will expect. If we are right, the resulting tightening of the fiscal stance would leave the door open to a further modest loosening of monetary policy later this year.
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:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services