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Cynically adjusted OBR forecasts

April 4, 2013

Just waking up to my working day, reading an article on Government finances in Tax Journal. Looked at a table of key Office for Budget Responsibility forecasts for the current and next five years. Growth improves in a few years time, and public sector net borrowing also falls rapidly in three or four years time. Next table was cynically-adjusted current budget balance; until my blurry fifty year old eyes re-read it, as cyclically adjusted.

 

Or was I right first time?

From → Economics, Humour

One Comment
  1. Clare Bolton permalink

    Yes you were!

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