Warwick Lightfoot's Substack

Warwick Lightfoot's Substack

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Warwick Lightfoot's Substack
Warwick Lightfoot's Substack
Rachel Reeves: huge Labour Budget, many measures, big increases in spending, taxation and borrowing. But nothing to show for it, in terms of higher economic growth

Rachel Reeves: huge Labour Budget, many…

Warwick Lightfoot
Nov 6, 2024

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Warwick Lightfoot's Substack
Warwick Lightfoot's Substack
Rachel Reeves: huge Labour Budget, many measures, big increases in spending, taxation and borrowing. But nothing to show for it, in terms of higher economic growth

The OBR’s economic forecast lowers its forecast for GDP growth, exemplifies crowding out effects arising from higher public spending and no change in the trend rate of growth

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