The Telegraph, March 23, Roger Bootle
How the Chancellor must wish to be able to present a major financial statement in stable times. At least we were spared the usual budget political theatre, with its litany of small spending announcements about such things as repairing potholes on the A32. And this certainly was not a damp squib.
The economic forecast revisions from the Office for Budget Responsibility (OBR) were dramatic but the new numbers were pretty much what we expected.
Growth this year is now forecast to be 3.8pc, down from the forecast of 6pc made last October. But there were also some striking upward revisions to later years, with growth in 2024 now forecast to be 2.1pc, up from 1.3pc.
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