OBR forecasts modest UK growth as inflation remains well above target
Forecasts published alongside the Autumn Budget put GDP growth at 1.2% this year, slowing to 1% in 2027, with inflation expected to remain significantly above the Bank of England’s target.
In a satirical Budget dining room, Chancellor John Healey lifts an enormous silver cloche to reveal a single pea on a vast plate. A card identifies the serving as the OBR’s 1.2% growth forecast. A household couple contemplate a towering bill marked ‘PRICES’, while Healey offers a £100 council tax discount voucher.
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