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

Reeves has made big fiscal choices but left herself little room for manoeuvre

Reeves has made big fiscal choices but left herself little room for manoeuvre will.driscoll Tue, 01/07/2025 - 15:21 Having such little ‘headroom’ has left the chancellor at the mercy of events. 5 Comment Gemma Tetlow Institute for Government Yes Rachel Reeves has put economic growth front and centre since becoming the UK's first female chancellor a year ago. Public finances Policy making Economy Spending review Public spending Business Labour S…

Reeves Braces for Fresh Growth Downgrade as OBR Admits to Optimism Bias

Champions of the Office for Budget Responsibility will be left red-faced again as a new evaluation report from the watchdog admits it has been too

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

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.

UK Economy at Crossroads: Challenges and Cautious Optimism Ahead

The UK economy finds itself at a critical juncture, with investors and businesses alike grappling with uncertainty and a challenging fiscal landscape. The current government, led by Prime Minister Sir Keir Starmer and Chancellor of the Exchequer Rachel Reeves, faces significant hurdles, including a rebellious parliamentary party and a welfare bill that is spiraling out of control. Source