Bank of America economists expect that UK Chancellor of the Exchequer Healy's budget will increase the UK's government borrowing by £15 billion in both the current fiscal year and the 2027/28 fiscal year, while the government's fiscal space to achieve long-term budget goals will be further reduced.

Bank of America economists expect that UK Chancellor of the Exchequer Healy's budget will increase the UK's government borrowing by £15 billion in both the current fiscal year and the 2027/28 fiscal year, while the government's fiscal space to achieve long-term budget goals will be further reduced.