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Headroom at the end of the forecast GBP8.9bln

UK
  • Hunt says that at the end of the forecast fiscal headroom will fall to GBP8.9bln. This is broadly in line with expectations with most analysts expecting this to be GBP5-10bln.
  • Note that this includes all the measures to be announced today.
  • The median estimate across the sell-side of pre-measure headroom was GBP20bln (most analysts seeing GBP17-25bln).

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