Economic watchdog OBR says its forecasts are optimistic

Economic watchdog OBR says its forecasts are optimistic
 

The head of Britain's economic watchdog has defended its forecasts warning of the cost to Britain of leaving the EU.
The Office for Budget Responsibility infuriated pro-Brexit Tories with its prediction that withdrawal would wipe 2.4% off growth over the next five years while adding £60bn to borrowing.
Robert Chote said OBR forecasts were "more optimistic" than others.
The OBR had to produce forecasts based on stated government policy, he said.
He made the comments after Conservative former cabinet minister Iain Duncan Smith and backbencher Jacob Rees-Mogg said leaving the EU... read more

 
25 November 2016 in Politics, Views: 44
Source: BBC
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