OBR WARNS REEVES’S BUDGET STILL LEAVES PUBLIC FINANCES IN ‘VULNERABLE’ POSITION
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✍️ The UK's independent forecaster, Office for Budget Responsibility (OBR), has warned that the government's financial buffer remains vulnerable despite Chancellor Rachel Reeves' tax-raising budget.
👉 The OBR has warned that the government's financial buffer remains vulnerable despite Chancellor Rachel Reeves' tax-raising budget. 👉 The budget has increased the UK's financial buffer from £9.9bn to £22bn. 👉 The OBR has revised down its growth forecast for the next five years. 👉 Consumers will face inflation of 3.5% this year. 👉 The OBR has warned that the potential for damaging events, such as a global stock market crash or future pandemic, to knock the government's finances off course remains high.
-- #RachelReeves #RichardHughes #RuthCurtice #HelenMiller #RobWood #politics
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