Daniel Lacalle Official Account(@dlacalle_IA):UK. More spending and higher taxes: Worse public accounts. Who would have guessed it? The deficit climbed to £77.3 billion, £8.1 billion more than the Office for Budget Responsibility predicted in March. In August alone, borrowing came in above forecast at 18.3 billion. Sunak and Hunt worsened it. Reeves and Starmer dealt the blow. Burnham and Healey want to double down on the same misguided policies. You pay with lower growth, more inflation, and lower net real wages.

Daniel Lacalle Official Account

@dlacalle_IA

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Daniel Lacalle Official Account@dlacalle_IA

2026.09.22 09:43

UK. More spending and higher taxes: Worse public accounts. Who would have guessed it? The deficit climbed to £77.3 billion, £8.1 billion more than the Office for Budget Responsibility predicted in March. In August alone, borrowing came in above forecast at 18.3 billion. Sunak and Hunt worsened it. Reeves and Starmer dealt the blow. Burnham and Healey want to double down on the same misguided policies. You pay with lower growth, more inflation, and lower net real wages.