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Government will save £1.5 billion over two years on state pensions because of estimated 100,000 excess pensioner deaths in 2020/21 due to Covid, the Office for Budget Responsibility estimates (para 3.83 - download report here )

There has to be a persistent threat for that increase to happen. And again, the lack of any real chance that business will borrow or households spend to the extent that the Office for Budget Responsibility suggests also suggests that there is no real threat of that happening.

The government and Office for Budget Responsibility also share this view. That chart on the sectoral balances reveals this. I share it again here.

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There are significant risks to the Government’s spending plans laid out in last week’s Budget by failing to cost up any post-pandemic spending beyond March next year, the Office for Budget Responsibility (OBR) has said.

There are significant risks to the Government’s spending plans laid out in last week’s Budget by failing to cost up any post-pandemic spending beyond March next year, the Office for Budget Responsibility (OBR) has said.

Office of Budget Responsibility forecasts it will take 3 YEARS for aviation levels to return to pre-Covid levels So where is the promised sectoral deal for aviation to support a prolonged recovery? Correct, there isn't one @unitetheunion  @GMB_union  @BALPApilots  @ProspectUnion 

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Inflation forecast by Office for Budget Responsibility CPI will rise to 1.5% next year then 1.8%, then 1.9% not reaching target of 2% until 2025/26.

The Office for Budget Responsibility now expects that unemployment in the UK will peak at 6.5% at the end of this year, which is lower than what it had forecast in November and below the unemployment rate reached in 2011, in the wake of the last recession

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“Boris Johnson’s #Brexit  deal..will shrink the UK economy by 4% the UK’s fiscal watchdog (the Office for Budget Responsibility) has said”. #BrexitRealityRe #Budget21ality

Office for Budget Responsibility now sees ‘faster recovery’ say Rishi Sunak

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The Mail is leading the Brexit celebrations, claiming it will give 6.1% growth in 2021. It won’t. That’s the partial recovery forecast by the Office for Budget Responsibility in November assuming a deal and no new Covid outbreaks. But we have new Covid and growth is very unlikely

A year to remember: UK economy is set to contract by the most in >300yrs due to lost productivity from coronavirus lockdowns. GDP will probably shrink by 11.3% this year, most since the year 1709, acc to Office for Budget Responsibility forecasts. (via BBG)

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The UK economy could shrink by a record 35% by June, warns the Office for Budget Responsibility

@EdwardJDavey  has called on both the Labour and Conservative party's to submit their election manifestos to the Office for Budget Responsibility to be independently costed following their battle to 'splash the cash'.

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Office for Budget Responsibility made its first post-Brexit vote forecasts in Nov 2016. It said deficit would £68.2bn in 2016-17. It was £46bn. Forecast £59bn in 2017-18. It was £39bn. Said 2018/19 deficit would be £46bn. Likely to be closer to £30bn. Pretty big margins of error

After 8 years at 1% funding growth, the Office for Budget Responsibility concluded the NHS now needs 4.3% growth a year. The Government has pledged just 3% growth a year for the overall health budget over 5 years, with a £1 billion reduction this year. Hardly a record increase.

The UK Government's Office for Budget Responsibility has released data showing that the UK is on course for the longest period of falling living standards since records began. #Brexit 

Brilliant from : "Number 10 is launching a Fake News Unit while the Foreign Secretary is claiming that money the Office of Budget Responsibility says won't exist could be spent upon the NHS. If that's not fake news, then what is?"

So: the independent Office for Budget Responsibility asked for the government's plans for Brexit, for its forecasts. The government pointed the OBR to Theresa May's Florence speech – and gave them *nothing else*. So today's dismal forecasts include no Brexit impact.

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