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UK Budget Watchdog Admits to Optimism Bias in New Blow to Reeves

UK Budget Watchdog Admits to Optimism Bias in New Blow to Reeves

Bloomberg2 days ago
Britain's fiscal watchdog said it has been too optimistic about the country's medium-term growth prospects and promised a full evaluation of the economy's speed limit over the summer in what will be a crucial moment for Chancellor of the Exchequer Rachel Reeves.
In its latest forecast evaluation report, the Office for Budget Responsibility found that it overestimated growth by an average of 0.3 percentage points at the two-year horizon and by 0.7 points after five years. On a cumulative basis over five years, the overshoot has been 2.2 points on average.
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1 Day Artificial Intelligence (AI) and the Metaverse Intellectual Property (IP), Standards and Policies Training Course by Mark Weston of Hill Dickinson (ONLINE EVENT: July 17, 2025)
1 Day Artificial Intelligence (AI) and the Metaverse Intellectual Property (IP), Standards and Policies Training Course by Mark Weston of Hill Dickinson (ONLINE EVENT: July 17, 2025)

Associated Press

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  • Associated Press

1 Day Artificial Intelligence (AI) and the Metaverse Intellectual Property (IP), Standards and Policies Training Course by Mark Weston of Hill Dickinson (ONLINE EVENT: July 17, 2025)

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Epique Realty Announces 600% Growth at Annual PowerCON Event
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Epique Realty Announces 600% Growth at Annual PowerCON Event

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CSR Europe Welcomes New Board and Reaffirms its Commitment to Turning Sustainability into Value at 2025 General Assembly
CSR Europe Welcomes New Board and Reaffirms its Commitment to Turning Sustainability into Value at 2025 General Assembly

Associated Press

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  • Associated Press

CSR Europe Welcomes New Board and Reaffirms its Commitment to Turning Sustainability into Value at 2025 General Assembly

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