Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LONDON (MNI)
The UK Treasury may need to raise an additional GBP60 billion in revenue, around 3% of GDP, just to get the current budget gap down to zero, the Institute for Fiscal Studies said Tuesday.
The IFS said that as well as having to fill the current GBP46 billion budget gap the Treasury faces extra funding pressures due to a range of factors including an ageing population and holes in local government finances post the Covid shock. Chancellor Rishi Sunak has said he wants to balance the books, without detailing what his goal -- or timeframe -- is, although on the IFS's central forecasts, overall debt-to GDP is seen above 100% at the end of the current parliament.
Source: ONS
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok