Revision of major indicator would blow £20bn black hole in Chancellor’s headroom
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Revision of major indicator would blow £20bn black hole in Chancellor’s headroom
Revision of major indicator would blow £20bn black hole in Chancellor’s headroom
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Expected productivity downgrade to leave Britons facing additional tax rises of at least £8bn

The OBR is understood to have downgraded the UK's productivity level in early Budget forecasts

Allan Monks, UK economist at JPMorgan, told the Financial Times that even shaving 0.1 or 0.2 per cent from productivity would…

Exclusive: Fiscal watchdog predicts productivity downgrade will leave chancellor with £20bn gap to fill in budget

A downgrade in the productivity figures could leave Reeves with a bigger fiscal gap

The OBR risks making the Chancellor’s job even harder with its latest set of forecasts