Welfare spend expected to outpace economic growth | Morning Markets episode artwork

EPISODE · Aug 28, 2024 · 3 MIN

Welfare spend expected to outpace economic growth | Morning Markets

from True Potential Morning Markets · host True Potential

Today, Kevin Kidney, Head of Asset Allocation, digests the comments from Prime Minister Kier Starmer on the direction of the UK economy and the difference beween political aspiration and reality. With forecasts from the Office for Budget Responsibility reporting that welfare spending may increase 40% over the next 6 years whilst economic growth is expected to only increase 25%, more tax rises will be ahead.

Today, Kevin Kidney, Head of Asset Allocation, digests the comments from Prime Minister Kier Starmer on the direction of the UK economy and the difference beween political aspiration and reality. With forecasts from the Office for Budget Responsibility reporting that welfare spending may increase 40% over the next 6 years whilst economic growth is expected to only increase 25%, more tax rises will be ahead.

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Welfare spend expected to outpace economic growth | Morning Markets

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This episode was published on August 28, 2024.

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Today, Kevin Kidney, Head of Asset Allocation, digests the comments from Prime Minister Kier Starmer on the direction of the UK economy and the difference beween political aspiration and reality. With forecasts from the Office for Budget...

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