The Office for
Budget Responsibility predicts overall employment will increase every year for the next five years, despite the public sector headcount shrinking by more than 10 per cent.
However, more must be done to find solutions to the housing crisis and it is concerning that the Office for
Budget Responsibility predicts there will be 14,000 fewer affordable homes built as a direct result of social housing rent cuts.
The first number below is what the Office for
Budget Responsibility predicted at the time of the autumn statement, less than four months ago.
Not exact matches
He pitched it as a positive: «The central forecast we publish today from the independent Office for
Budget Responsibility does not
predict a recession here in Britain.»
«In producing the forecast, the Office of
Budget Responsibility (OBR) has not attempted to
predict the precise outcome of negotiations, nor the breadth and depth of new relationships that may be negotiated bilaterally with the EU or other trading partners.
Chairman Alan Budd has again been forced to defend the integrity and independence of the Office of
Budget Responsibility, which
predicted 2.6 % growth in 2011.
But following yesterday's surprise rise in inflation to 4.4 % and the negative growth in the economy at the start of 2011, the Office for
Budget Responsibility's growth projections were downgraded from the 2.1 %
predicted for 2011 to 1.7 %.