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.
What this episode covers
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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