LIVE: Keir Starmer grilled at Prime Minister's Questions
Автор: Times News
Загружено: 2025-02-05
Просмотров: 7383
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Sir Keir Starmer is set to face questions from the opposition benches for Prime Minister's Questions.
Rachel Reeves has been warned that she will have no choice but to cut spending or increase taxes because any leeway in the public finances has “evaporated”.
The Office for Budget Responsibility gave the Treasury the first official estimates on the state of the economy on Tuesday, before the chancellor’s spring statement next month.
Economists said the government’s £9.9 billion in “fiscal headroom” — spare money against the government’s spending plans — had been wiped out by a combination of low growth, higher borrowing costs and higher-than-expected interest rates.
JP Morgan, the investment bank, now expects Reeves to face a significant “fiscal hole” in the public finances, while other economists warned she will be at risk of breaking her “iron-clad” fiscal rules.
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