The newly-established Office of Budget Responsibility (OBR) has today slashed the UK’s growth prospects, as expected.According to the OBR, the UK economy will expand by 2.6% in 2011 – lower than ex-Chancellor Alistair Darling’s 2011 forecast of 3% – 3.5%.The OBR, which is led by former Treasury official Sir Alan Budd, predicts growth to be [...]
OBR downgrades UK growth as expected
