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The Office for Budget Responsibility (OBR) was set up by George Osborne to provide estimates of economic performance without the interference of the Treasury. Today as the final figures for 2012 are released by the Office for National…
One stood out for me above the rest. The Office for Budget Responsibility now says that growth this year will be -0.1%. That’s down from their forecasts of 2.8% in June 2010 and 0.8% in March this year. I’ve heard of margins of error, but…
George Osborne has revealed in the Autumn Statement that the OBR now believes that growth in 2012 will be -0.1% (that's a minus). In Osborne's first budget the prediction for 2012 growth was 2.8%. David Cameron said "The good news will keep…
The confirmation by the Office of National Statistics this morning that the UK economy has been driven completely off course and into an avoidable second recession is a social disaster for the over one million young people out of work, but…
“It’s a hard road to a better Britain, but we’re on the right track” were the words David Cameron used a year ago to justify their economy-crushing austerity measures. Yet the Government’s assertion, with unemployment at a 17-year high and…
By David Talbot The phone hacking scandal has produced a toxic fallout for the government and for the Prime Minister in particular, who has undoubtedly been weakened by the unfolding events. An exhausted looking Cameron rose to his feet in…
By Emma Burnell / @scarletstand Yesterday Mark Ferguson wrote about how Labour must be wary of the fact that 49% of people still blame us the most for the cuts. I completely agree that it is essential that we continue to keep this at the…
By Mark Ferguson / @markfergusonuk National Institute of Economic and Social Research (Britain's longest established independent economic research institute) have hit out at the government's austerity measures, and predicted "lacklustre"…
By Nicola Smith The government has recently announced the sharpest cuts in public spending since the second world war - cuts that the Office for Budget Responsibility has recognised will reduce growth in future years, and lead to higher…
By Mark Ferguson / @markfergusonuk Writing in the Observer today, Alistair Darling attacks the thinking behind the cuts agenda as we head into "emergency budget" week, and outlines what he believes will be the headline policies - a VAT rise…
By Mark Ferguson / @markfergusonuk The new Office of Budget Responsibility reported today that projected growth for 2011 is down to 2.6% for 2011 from the 3.25% predicted by the Treasury under Labour. The OBR also believe that borrowing…
