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The Office for Budget Responsibility gets it WRONG … again!

(4 Posts)
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Urmstongran Tue 09-Jan-24 19:57:36

They apparently misjudged the UK borrowing by - wait for it - £650 billion!

Economic forecasters? Glum buckets as usual. Always putting the UK economy down.
Have they ever got a forecast right yet? 🤔
Mind you Shadow Chancellor Rachel Reeves is a huge fan. She said recently she wouldn’t introduce any new fiscal measures with running them by the OBR first.

Better hang onto our 🧢 👒 then!
What do you think?

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fancythat Tue 09-Jan-24 20:31:17

That is like two or three years total Uk borrowing.
I dont understand how they could be that far wrong.

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Urmstongran Tue 09-Jan-24 20:37:24

The OBR ‘modelling’ gets it wrong more often than the Met Office forecasts the weather!

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flappergirl Tue 09-Jan-24 21:30:28

Urmstongran

The OBR ‘modelling’ gets it wrong more often than the Met Office forecasts the weather!

If I had my time over again I'd get a job either with the Met Office or the OBR. Excellent salary and no need to ever get anything right.

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