Next week was supposed to be a major moment in the Conservatives’ election campaign.
Chancellor Jeremy Hunt would have stood up in the Commons and delivered the Budget, bringing an end to three years of rolling geo-political and economic crises and multiple inflation shocks.
If all had gone to plan, he would have unveiled a raft of voter-friendly giveaways including tax cuts thanks to a growing economy, falling interest rates and improved public finances.
If all had gone to plan, he would have unveiled a raft of voter-friendly giveaways including tax cuts thanks to a growing economy, falling interest rates and improved public finances.
And while this was supposed to be the last big economic announcement before the next general election, the signs are that voters will have to wait for Downing Street to squeeze in another Budget-like announcement beforehand.
There had been reason for the government to be optimistic at the start of the year.
Its borrowing costs had fallen sharply, driven by the US central bank suggesting it had no plans to raise interest rates further.
The UK’s independent financial watchdog, the Office for Budget Responsibility (OBR), estimated that this could save the government £19bn by 2028-29.
Next week was supposed to be a major moment in the Conservatives’ election campaign.
If all had gone to plan, he would have unveiled a raft of voter-friendly giveaways including tax cuts thanks to a growing economy, falling interest rates and improved public finances.
Chancellor Jeremy Hunt would have stood up in the Commons and delivered the Budget, bringing an end to three years of rolling geo-political and economic crises and multiple inflation shocks.
And while this was supposed to be the last big economic announcement before the next general election, the signs are that voters will have to wait for Downing Street to squeeze in another Budget-like announcement beforehand.
If all had gone to plan, he would have unveiled a raft of voter-friendly giveaways including tax cuts thanks to a growing economy, falling interest rates and improved public finances.
If all had gone to plan, he would have unveiled a raft of voter-friendly giveaways including tax cuts thanks to a growing economy, falling interest rates and improved public finances.
And while this was supposed to be the last big economic announcement before the next general election, the signs are that voters will have to wait for Downing Street to squeeze in another Budget-like announcement beforehand.
There had been reason for the government to be optimistic at the start of the year.
Its borrowing costs had fallen sharply, driven by the US central bank suggesting it had no plans to raise interest rates further.
The UK’s independent financial watchdog, the Office for Budget Responsibility (OBR), estimated that this could save the government £19bn by 2028-29.
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