Autumn Statement: Government defends post-Brexit economy forecasts



The government has defended forecasts for the economy in the Chancellor's Autumn Statement after fierce criticism by some pro-Brexit MPs.
Philip Hammond quoted Office for Budget Responsibility (OBR) predictions of increases in borrowing and reductions in economic growth following Brexit.
Ex-minister Iain Duncan Smith claimed the OBR "hasn't got anything right."
But treasury minister David Gauke said it was right to work on the basis that the OBR forecasts were correct.
Mr Hammond told MPs the UK's deficit would no longer be cleared by 2020, while the OBR estimated the UK would... read more

 
24 November 2016 in Business, Views: 64
Source: BBC
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