OBR puts fiscal headroom at £15 billion after partial recovery from energy shocks
The Office for Budget Responsibility said inflationary shocks from the conflict involving Iran halved fiscal headroom to £12 billion before targeted measures by the Chancellor restored it to £15 billion.
AI editorial satire: Chancellor John Healey carefully repairs a narrow strip of a badly damaged painting labelled ‘Fiscal headroom £15bn’. Much of the canvas remains missing. Beside him, a satisfied financial-market observer examines the immaculate gold frame rather than the damaged picture.
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