National Institute UK Economic Outlook Autumn 2022

Niesr

National Institute UK Economic Outlook, 2022, issue 8, 4-5

Abstract: Since our previous Outlook, we are into our second Prime Minister and our third Chancellor of the Exchequer; we have experienced a mini-budget and its near complete reversal, neither of which involved the analysis and scrutiny of the independent Office for Budget Responsibility (OBR); and we await an Autumn Statement that will be accompanied by an OBR Forecast. This political turmoil has damaged the UK economy by generating higher interest rates and greater economic uncertainty at a time when it was already in a fragile position with low growth and high inflation.

Date: 2022
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