UK Chancellor Jeremy Hunt has received positive news regarding the upcoming budget, as his fiscal watchdog has indicated that new forecasts based on recent data could improve public finances, potentially allowing for tax cuts. This development comes as a significant pre-budget boost for Hunt, who has been under pressure to deliver on his economic promises. Additionally, pension savers may see a 'generous increase' to their retirement pots in the upcoming budget, further highlighting the potential benefits of the revised economic forecasts.
It’s worth recalling that Liz Truss sacked the Treasury permanent secretary, bypassed the OBR and didn’t brief the Bank of England ahead of the mini-Budget.
Pension savers could get ‘generous increase’ to retirement pots in Jeremy Hunt’s Budget https://t.co/xFdWC2Ksup
💸 How a last-minute forecast could save Jeremy Hunt’s dream of tax cuts https://t.co/fr9qMS3jJg
Hunt given good news on UK budget forecasts by fiscal watchdog https://t.co/qwSuBOyXxk via @tomelleryrees https://t.co/ofHg2jj96H
UK Chancellor Jeremy Hunt received a pre-budget boost after his fiscal watchdog disclosed it was preparing forecasts using data that will potentially improve the public finances and create more room for tax cuts https://t.co/8UTI5dN5pD