PREFU = pre-election fiscal update
HYEFU = half year economic fiscal update
"...the number of people receiving a working-age benefit (WAB) (Working-age benefits defined here as Jobseeker Support, Sole Parent Support and Supported Living Payment) is expected to be lower than was forecast in the Pre-Election Economic and Fiscal Update (PREFU) 2020. This is mainly because the number of people on Jobseeker Support has been lower than expected. Since the PREFU 20, we saw fewer COVID-19 Income Relief Payment (CIRP) recipients than expected and also a smaller proportion of CIRP recipients transferred to JS than was expected, which contributes to the lower forecast number of JS recipients for HYEFU 20. We also did not see significant growth in the number of JS recipients following the end of the Wage Subsidies."
My crystal ball is no better than anybody else's.
But so much activity is predicated on borrowed money.
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