The first budget of Rishi Sunak’s government made efforts to address the ‘black hole’ in UK public finances that was estimated to be as large as £50 billion. The November 2022 Centre for Macroeconomics survey asked the members of its UK panel about the need for deficit cuts following the mini-budget crisis. A large majority of panellists thought that deficit cuts were desirable or necessary in late 2022, and a slightly smaller majority endorsed the pace of deficit reduction […]