Chancellor’s headroom ‘to halve because of Iran war inflation and weak growth’

UK is ‘ON THIN FISCAL ICE’ – former Bank of England economist

With just a few weeks to go until his first Budget, the new prime minister is facing a difficult economic outlook, as he deals with sluggish growth, the rising cost of living and a war in Iran which threatens to send inflation soaring.

John Healey faces Budget blow as fiscal headroom SLASHED due to inflation and weak growth

Chancellor John Healey's financial wriggle room has been slashed by almost half ahead of his first Budget, a fresh KPMG analysis has warned.The consultancy's latest economic outlook projects that the Government's fiscal headroom will shrink to roughly £12billion by the autumn, a sharp drop from the £23.6billion available when the spring forecast was published.The findings heap significant pressure on Mr Healey to either increase taxes or reduce …

Chancellor given Budget warning as Iran war costs slash headroom by billions

A new report has indicated that John Healey will have to seriously consider tax rises or spending cuts

Chancellor’s headroom ‘to halve because of Iran war inflation and weak growth’

KPMG says John Healey could be left with headroom of about £12 billion in the autumn, down from £23.6 billion in the spring.