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UK Budget Watchdog Admits to Optimism Bias in New Blow to Reeves

Summary by Bloomberg
Britain’s fiscal watchdog said it has been too optimistic about the country’s medium-term growth prospects and promised a full evaluation of the economy’s speed limit over the summer in what will be a crucial moment for Chancellor of the Exchequer Rachel Reeves.

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Bias Distribution

  • 67% of the sources lean Left
67% Left

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Bloomberg broke the news in United States on Tuesday, July 1, 2025.
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