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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.
UK
From March OBR Econ and Fiscal outlook: "With inflation outpacing growth in nominal earnings and net taxes due to rise in April, real livings standards are set to fall by 2.2 per cent in 2022-23 – their largest financial year fall on record – and not recover their pre-pandemic level until 2024-25."
- Full document: https://obr.uk/efo/economic-and-fiscal-outlook-mar...
- OBR: "...despite higher inflation pushing up debt interest costs, borrowing is set to more than halve from its post-World War II high of £322 billion (15.0 per cent of GDP) in 2020-21 to £128 billion (5.4 per cent of GDP) in 2021-22, £55 billion less than we forecast in October."
- "Public sector net debt excluding the Bank of England falls by 1.0 per cent of GDP in 2024- 25, a margin of £27.8 billion against the Government’s fiscal mandate, £10.3 billion greater than in our October EFO. And the current budget is in surplus by £31.6 billion (1.2 per cent of GDP), up £6.5 billion from October."
Figure 1. OBR Figures At A Glance
Source: OBR
Figure 2. Change in real household disposable income per person
Source: ONS, OBR
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.
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