Emeritus Prof Christopher May on Nostr: As Daniel Suskind points out, the UK finds itself in the strange situation where the ...

As Daniel Suskind points out, the UK finds itself in the strange situation where the Office of Budget Responsibility is essentially shaping economic policy... why?

Well, the OBR produces forecasts of what specific economic policies will contribute to growth & as Rachel Reeves is both committed to promoting growth but also sensitive to how 'markets' see her policies in light of OBR forecasts, will try to do what the OBR thinks will promote growth.

But does the OBR actually know?

#economics