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
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
