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

BlackRock expands impact offering through collab with Phenix Capital Group

BlackRock expands impact offering through collab with Phenix Capital Group

Offering will help clients translate impact objectives into investable portfolios

Jonathan Stapleton
clock 23 July 2026 • 2 min read
Partner Insight: Can stewardship shape real world outcomes for pension funds?

Partner Insight: Can stewardship shape real world outcomes for pension funds?

Royal London Asset Management
clock 23 July 2026 • 5 min read
The DC scheme scramble for private assets

The DC scheme scramble for private assets

Charlotte Moore finds DC plans are facing challenges around speed of deployment, scale and crowded trades

Charlotte Moore
clock 16 July 2026 • 5 min read
Trustpilot