24 March 2022
The Office for Budget Responsibility (OBR), the government’s official forecasting body, has issued a new Economic & Fiscal Outlook (EFO) report – the Chancellor’s Spring Statement is based on these forecasts.
From an economic viewpoint, the March EFO is downbeat compared to the update received in October 2021. Inflationary pressure, exacerbated by the war in Ukraine, will materially impa...