UK public spending to increase as inflation and investment rise say OBR

Comments from the UK Office for Budget responsibility (an oxymoron if ever we've heard one)

  • Higher inflation and investment will increase public spending over the next four months

  • Does not expect the strength in corp tax, stamp duty and land tax to continue

  • Borrowing in final four months of FY to slightly exceed last year

Long and short, we'll be spending more and borrowing more to pay for it.

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