World News

Office for Budget Responsibility responds to Rachel Reeves’ spring statement

Watch as the Office for Budget Responsibility holds a news conference after Rachel Reeves delivered the spring statement.

It comes as the OBR halved the UK growth forecast for 2025 from 2% to 1%

However, the fiscal watchdog said that while growth has been downgraded for this year, it had been upgraded for every year after for the rest of this parliament – which is due to end in 2029.

#Budget #UKEconomy #Finances

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