Reeves Braces for Fresh Growth Downgrade as OBR Admits to Optimism Bias

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Champions of the Office for Budget Responsibility will be left red-faced again as a new evaluation report from the watchdog admits it has been too optimistic about the UK’s growth forecasts. Shock to no one…

The OBR found it overestimated growth by an average of 0.3% at the two-year mark and a whopping 0.7% over five years.[…] Read the rest

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