OBR says Reeves had favorable UK forecast before budget speech
Bloomberg Television·2025-11-28 16:12

Um that number was for just being on the right side of the target but by a wafer thin amount uh of about 4 billion pounds which is very small in the context of an economy that's 3 trillion billion large. Um so that forecast was not that there would be an obvious miss on the government target but that most of the headroom had essentially gone and that's that was there um back in toward the end of October. Uh, of course that that meant that in order to rebuild headroom, there had to be a sort of net tightenin ...