No taxes will rise and there is no return to prevention, but will it continue?

“Of course is not a budget,” it is the basic message that arises from the US Treasury about Wednesday’s Economic Declaration.

Only outside the number 11 will not be a red box, only the “tank book” of the new policy that contains a “spiritual grade card” and has no more taxes.

So what is this spring statement?

Basically, spring predictions from the official government predictions, the ObR Office (OBR). In this process, he was forced to consider a slower economy than expected, and the cost of the government’s borrowing is higher.

Obr’s prediction has deleted the maneuvers’ maneuver against the “incomprehensible incompetence” of the adviser on the future of the government on borrowing the government. He has done more arrangements to keep the numbers on his path.

Basically, the low growth and more borrowing costs have paid the budget numbers in their path.

We hear a lot from the president of the university that “the world has changed.

The fact is that this course correction seems to have been necessary even before President Trump changed global diplomacy and trade.

On Wednesday, we will see whether the president of the university can continue to reject that they have to resort to tax increases, even in the “changing world.

And if there is no return to spending prevention, where does the money come from?

While no significant tax measures are expected, the president may leave the table for the autumn budget.

Some economists are waiting for tax increases in autumn, especially to provide high defense expenditures. There is talk of “consciousness with people” on this issue.

In the first budget, for example, the president of the university denied that conservative tied to revenue tax levels for another two years. People can get a clear idea around this spring declaration if it is an option.

5 billion pounds cut for comfort costs It has already been announced to have the biggest one-time cut off for ten years. That seems to be the biggest savings.

On Wednesday, the number of people who will lose the PIP’s independent money and general loans must be disclosed on average and the division between current or future recipients must be disclosed. Hundreds of thousands of people lose their health benefits at thousands of pounds.

2.2 billion pounds for the cost of the Civil Services Directorateincluding employees until 2029-3 The 15% cut is a significant part of the things spent by the central government for wages and advisors.

However, the president proposed to lose 10,000 roles, which only cut more than half a million working forces, especially since he leaves 30,000 to 40,000 people annually.

The unions say this cannot be done without harming the frontline services. Here there is a lot of riding on automatic and artificial intelligence.

Another part of the other part of the budget to increase the budget, tax repression, and conversion from aid to defense expenditures must all help to return the maneuvering chamber for several billion pounds.

Given the premature premature injection in general in the budget, the characteristics of this issue are difficult to “benefit”.

The distribution of increased defensive expenditures will be a major characteristic of the spring statement.

Defense expenditures (eg, on aircraft and tanks) are more capitalist than aid expenditures, so they have been exempted more than the copyright borrowing laws to limit daily expenditures just to be charged in taxes.

We understand that it will be very important to reduce the 2025 ObR prediction for the ObR prediction.

The real question for the president was how far it was to end the duration of the prediction, and thus he was permanently stuck in the economy and tax revenues. He may not have done it, and therefore the impact on the budget numbers was not so much.

The government treasury has also tried to take Obr to be proud of development reform reforms, such as planning changes.

Theoretically, higher development means borrowing less prediction and more space for maneuvers—win-winning. But Obr may have been strict on this issue after the recent external review of its methods.

Here there is a bigger picture of the government’s development and strategy. Investors and businesses are still waiting for the infrastructure, industry and commercial strategies of this government, which has been in power for eight months.

The reality of the new world means more uncertainty, but also creates a significant increase in potential to a stable economic, based on law with science, research and advanced border financial services.

This is especially true for a nation that can at the same time keep its trade and investment relations with the United States, Europe, China and the Gulf, even between tax turmoil. In the cabinet, it is called the “the most linked economy in the world.

Will the world hear this? British government borrowing prices have risen again, as markets are waiting for a new calendar on Wednesday.

Britain’s revenues rose with the United States in January, but when the suspension rose according to Europe after the big return plans were borrowed. It is the worst of both worlds to predict borrowing.

The Spring Declaration may be an opportunity to project reverse cases – that the UK is uniquely stable to be the best in both worlds. A kind of economic dealings with the United States are close and the discussions on the restoration of Brexits are advancing.

There are some small signs of recent economic breakdown, especially in the service sector. Small businesses stop selling individuals and hospitality for fear of rising national insurance and national rent to reduce the pain.

So Wednesday, while there is certainly not a budget, it answers several important questions about the economy.