Recession forecast next year but largest budget surplus 'in a generation' to comeA recession is on the horizon and the chancellor "is in a terrible bind" as low growth and high-interest payments on debt mean little room for manoeuvre, according to a respected think tank.
Source: Recession forecast next year but largest budget surplus 'in a generation' to come (https://news.sky.com/story/no-room-for-tax-cuts-or-spending-increases-with-recession-forecast-according-to-the-ifs-12985821)