Rachel Reeves must cope with lower growth and higher debt costs this year, because the independent protecaster of the treasury is more unpredictable and Donald Trump is more unexpected, he said.
The Chancellor’s summer statement said that the budget liability (OBR) office is “more uncertain” and “more uncertain” and “more indefinitely” and to 1% this year of this year in the budget of October.
After reveves cut the benefits of the welfare, the large branch of departments, which are up to £ 14 billion claw, reduced costs.
Obbr, Richard Hughes, Trump, Trump continues to apply a 20% tariff between the United States and the rest of the world, a summit can reduce a summit and can be deleted the streeves of the reveves until the end of the parliament.
He said that the global trade of Trump tariffs was located in the global interest rates in the global interest rates, a jump for the state’s funding for the state’s finances.
Forecaster, the government will have to spend £ 10.1 billion to serve its debt until 2029-30, will spend £ 2029-30, compared to the October’s forecast, he said.
However, despite the growth of growth forecasts for this year, OBR, the reveves, which caused an increase to the end of the region, said the economy will result in a permanent increase in the growth rate.
OBR, planning reforms will bring the largest impetus to the level of potential access, added 0.2% to GDP in 2029.
Reeves, in the October’s budget, accepted two main financial procedures: in 2029 by income by the end of the parliament, and the parliament will fall for the last year of the parliament.
OBB, the higher debt rate and expected tax revenues, £ 2029-30 pounds from £ 2029 to 30 pounds by accounting for new policies, he said, he said.
In October, inflation would be higher this year, which is higher than 3.2% of the forecast from 3.2% to 3.2%. OBB accused the new top of inflation in 2025, in 2027 to the new summit of up to 3.7% to 3.7% to 3.7% to 3.7% of inflation in 2025.
Reveves said that in the second half of the parliament, which restricts the budgets of Whitehall and set up a bunch of £ 2029 from another nonsense about tax aviation.
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However, Hughes warned that this was the third largest margin of any chancellor in relation to the financial rules.
“It remains a small stranger with interest rates, productivity or global trade, productivity or global trade risk,” he said.
At the end of the current and decade of government, the debt is expected to be £ 47.5 billion in the October budget.
OBB, this year in 2028, from 37.3% of 37.7% of 37.7% of GDP this year, this year, GDP’s first-class return and the highest level of assessment and corporate tax revenues were expected to receive tax revenues.
The consultant was a capital economy, the treacherization of the treasury in financial policy, in 2029-30, £ 2029-30, or 0.3% of the 2029-30. The change was modest and “1% of GDP in the politics of the Chancellor in the October’s budget only returned 14% of GDP.”
OBB evaluates the government’s fiscal and economy twice a year, which coincides with the autumn budget and spring budget.
Reeves had to save additional savings after analyzing by OBR, the Secretary of Jobs and Pensions saved more than £ 6 billion welfare changes by Liz Kendall.
This year’s outlook of OBR remains above many other forecasts. A survey of urban economists forecasts the growth of 0.8% in 2025, and the Bank of England is even more pessimistic, the forecasting of the economy will increase only 0.7%.
