Britain's Borrowing Outlook Worsens as Energy Shock Deepens

Britain's borrowing outlook has darkened as the energy shock continues to deepen, with the OBR acknowledging it underestimated the fiscal damage from the 2022 energy crisis.

5 Jun, 10:30 — 5 Jun, 10:30

Post Share

Sources

Showing 1 of 1 sources

zerohedgeLow5d ago

Britain's Borrowing Outlook Darkens As Energy Shock Deepens

Britain's Borrowing Outlook Darkens As Energy Shock Deepens Via City AM, The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge. Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets. The Bank of England has warned that a severe energy shock could push inflation above 6% and force tighter monetary policy. ...

By Tyler Durden

Read full article →

PERSPECTA

PERSPECTA

Britain's Borrowing Outlook Worsens as Energy Shock Deepens

Sources

Britain's Borrowing Outlook Darkens As Energy Shock Deepens

Related Stories

Marilyn Monroe's 50th Death Anniversary

Philippines' Upper Wawa Dam Enhances Water Security and Flood Control

Philippine House Representative speaks at Manila Foods and Beverages Expo

President Marcos Inspects Earthquake-Hit Schools in Mindanao

PERSPECTA