Rob Wood @robwoodecon.bsky.social · 26/03/2025Fiscal statements are quite something to watch. The Chancellor talked a good game, but ultimately Ms. Reeves plans to borrow more in every year of the OBR's forecasts and raised spending in the near-term. Make me virtuous, but not yet (1/n) 100 0
Rob Wood @robwoodecon.bsky.social · 26/03/2025The OBR's analysis excellently cuts through the noise. The Chancellor backloads corrective action to the end of the 5-year forecast, raising spending in the near-term and boosting capital spending throughout forecast (2/n) 100 0
Rob Wood @robwoodecon.bsky.social · 26/03/2025Helping the Chancellor were extra tax receipts from stronger growth driven by planning reform. This looks like a risky assumption. The OBR's potential growth forecasts were already optimistic, and now they are even higher. Pride comes before a fall.... (3/n) 100 0
