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...

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