Sunak updates fiscal rules as OBR revises growth forecast

Unemployment forecast is downgraded in chancellor’s Autumn Budget

Lauren Mason
clock • 2 min read
The Chancellor does a final run-through of his Budget speech Photo: Flickr/HMTreasury
Image:

The Chancellor does a final run-through of his Budget speech Photo: Flickr/HMTreasury

The Office for Budget Responsibility (OBR) has downgraded its unemployment forecast and increased its growth projections, according to chancellor Rishi Sunak in today's (27 October) Autumn Budget, who also told Parliament he will publish a new charter for budget responsibility.

The OBR's revised growth forecast has increased from 4.5% to 6.5% for 2021, followed by 6% in 2022 and 2.1%, 1.3% and 1.6% over the next three years respectively. Meanwhile, the OBR downgraded i...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Inflation has 'clear but inconsistent' impact on all asset classes

Inflation has 'clear but inconsistent' impact on all asset classes

Aon report says investors will need diversified portfolios to protect against all types of inflationary shocks

Martin Richmond
clock 06 February 2026 • 3 min read
Partner Insight: EU risk retention rules – implications for US securitised credit investors

Partner Insight: EU risk retention rules – implications for US securitised credit investors

Latest Insight from Columbia Threadneedle Investments

Jason Callan, Ryan Osborn and Luke Copley at Columbia Threadneedle Investments
clock 06 February 2026 • 8 min read
E.ON UK scheme appoints Schroders Solutions for OCIO brief

E.ON UK scheme appoints Schroders Solutions for OCIO brief

Asset manager’s hire follows strategic investment review by the scheme’s trustees

Jonathan Stapleton
clock 05 February 2026 • 1 min read
Trustpilot