POLICY COMPASS

Record Public Spending and Borrowing: Inside the UK’s New Budget Gamble

By Lāsma Kokina

12 November 2024

In this paper we discuss:

• Key highlights and challenges of the UK’s 2024 Budget.
• Significant increases in public spending and investment.
• The impact of higher taxes and borrowing on businesses, households, and economic growth.
• Projected numbers of growth, inflation, and borrowing

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