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Opening remarks to post-Budget 2018 analysis

Presentation

These remarks were delivered at the IFS presentation following the Autumn Budget 2018.

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Observation
The Chancellor and Shadow Chancellor have both outlined the fiscal targets that they would seek to adhere to. Mr Javid has chosen to adopt a forward-looking rolling target aimed at current budget balance. In other words, day-to-day spending could not exceed total revenues. This is very similar in ...
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