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Emeritus Prof Christopher May

Will Hutton criticises the Office of Budget Responsibility & others underwhelmed by Rachel Reeves' budget & its strategy for (renewed) public investment;

What they are under-estimating is the multiplier effect of investment, which is widely recognised elsewhere, but for the OBR seems to be being downplayed & minimised.

Reeves' may be vindicated (on this at least) in time.

(But there are plenty of other good reasons to be gloomy about the budget!)

theguardian.com/commentisfree/

The Guardian · Investment drives growth. That’s why gloomy forecasters are so wrong about the budgetBy Will Hutton
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Kim Spence-Jones 🇬🇧😷

@ChrisMayLA6 Phil Moorhouse (YouTuber “A different bias”) thinks that what will make sense of the budget is new deals with the EU to which will increase growth. I think he may be right. Obviously Reeves can’t say that openly (or even suggest it to the OBR), but it may well be part of her thinking.

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