Comment & Analysis
The Spring Statement: some help in response to the “cost of living crisis” as the OBR downgrades growth and revises inflation higher
In this Perspective Ruth Lea, Economic Adviser to the Arbuthnot Banking Group, discusses the forthcoming Spring Statement: The OBR significantly revised their forecasts for 2022. GDP growth was revised down to 3.8% for 2022 (compared with 6.0% in October 2021), followed by 1.8% growth in 2023. CPI inflation was forecast…
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