Although September’s data confirmed that borrowing is on track to come in below the OBR’s 2021-2022 forecast, some of the consequences for the public finances data of a stronger-than-expected economy may be deferred until next year
Ahead of the Budget on 27 October, the Chancellor is likely to benefit from upgraded economic forecasts from the Office for Budget Responsibility (OBR) and a consequent fiscal ‘windfall’, according to the EY ITEM Club Budget Preview Report.
Price pressures have intensified over the past month and though the rise in CPI inflation temporarily paused in September, the EY ITEM Club now expects the peak to be significantly above the 3.5% predicted in its last forecast
The UK attracted one-in-six of all Foreign Direct Investment (FDI) backed ‘cleantech’ projects in Europe in 2020. Cleantech projects include those which involve investment in energy transition, biodiversity, sustainability, or the pursuit of Net Zero targets
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