Coming only two days after the Budget, this release will attract much less interest than usual.The OBR's updated forecasts for the 2014-15 fiscal year will include implied figures for February and March combined so the F…
Coming only two days after the Budget, this release will attract much less interest than usual.
The OBR's updated forecasts for the 2014-15 fiscal year will include implied figures for February and March combined so the February data released here will not alter the market's view of the full-year out-turn.
Societe Generale says....
Writing this before the OBR's new forecasts are known, we expect that the boost in self-assessment income tax revenues seen in January will have spilled over into the February numbers as well because a significant number of people appeared likely to have missed the 31 January deadline for filing their tax forms.
We predict that the PSNBex will swing from £-8.8bn to £+8.9bn.
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