So what is the effect of the Budget on growth? – nil, according to the OBR

20 Mar

Yup, that’s right – nil. Here is the key sentence from the OBR : “The ‘giveaways’ and ‘takeaways’ net to zero when aggregated over the forecast. We have made no significant adjustments to our economic forecast to reflect these measures.” [italics are mine] See para 1.7 of the OBR’s Economic and Fiscal Outlook –  at http://goo.gl/C23eR

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