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 1
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 1
Rob Wood @robwoodecon.bsky.social · 26/03/2025The public finances remain in a perilous situation. There were a bunch of small changes today to game the fiscal rule as all recent Chancellors have done; backload cuts and hope you don't have to follow-through (4/n) 110 1
