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The Spring forecast – better news but still too pessimistic
An official economic outlook that is too smooth and too pessimistic The Office for Budget Responsibility (OBR) economic forecast was the centrepiece of the Chancellor of the Exchequer’s Spring Statement last week. It was slightly more positive than the forecast...
The Spring Statement: a brighter economic picture that should in future be more clearly presented
The Chancellor’s decision to move to a single fiscal event means in practice a full Autumn Budget Statement where all tax and spending measures are presented and the need for a Spring Statement so that the Chancellor can comply with legal obligation that the Treasury...
UK economy doing well – but there’s little spare capacity
The UK economy is in good shape – that was the message from a slew of data published last week, including progress on the elusive productivity challenge. This cheery message comes with a warning, however. The data indicate there is little spare capacity in the economy...
