Institution: The UK fiscal buffer narrows, public finances expected to remain fragile

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智通财经2026/10/29 10:07

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Kevin Timoney, an analyst at Daiwa Research, pointed out in a report that after the UK government announced the reduction of the fiscal buffer to £1.5 billion for the 2029-30 fiscal year, the country's public finances are expected to remain fragile in the coming years.
The so-called "fiscal headroom" refers to the government's flexibility to increase spending or cut taxes without breaching established fiscal rules, which has narrowed from the £2.36 billion announced in March.
Timoney stated that the budget released on Wednesday did not mention any major policy adjustments, which means that the UK's public finances may continue to be unstable in the coming years.

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Institution: The UK fiscal buffer narrows, public finances expected to remain fragile

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