- Would like more fiscal headroom but it comes with tradeoffs on tax and spending
- Will continue to take action to bear down on prices in budget
- Determined to bring inflation back to target
- Not going to be introducing a wealth tax in the budget, already have taxes on the wealthy
- Current arrangements for OBR forecasts make it hard to have just one fiscal event a year
She's up against an unenviable task of dealing with a fiscal blackhole in the UK, having to scour around to find up to £30 billion at the budget to balance the books. Earlier this week, she did say that she is looking at both tax rises and spending cuts in the budget so we'll have to see. That after ruling out the possibility of relaxing the fiscal rules in the UK.
