The OBR is more pessimistic about economic growth this year than it was in October.
But they anticipate a rebound by the late 2020s, with the economy set to catch back up to prior forecasts in per-person terms by the end of the decade.
[THREAD on the public finances #SpringStatement2025]
But they anticipate a rebound by the late 2020s, with the economy set to catch back up to prior forecasts in per-person terms by the end of the decade.
[THREAD on the public finances #SpringStatement2025]
Comments
#SpringStatement2025
The OBR no longer expects it to fall by 2029-30.
#SpringStatement2025
The overall tax take remains on course to rise to 37.6%, a level last reached just after the Second World War and never sustained.
#SpringStatement2025