Richard Tice Lashed Out at the Budget Watchdog Over “Completely Delusional” Growth Foreecasts. The reform uk deputy leader has he thinking for Budget Responsibility (OBR) Had Been “Eating some form of magic mushrooms”.
It comes after rachel reenses delivered her spring statements and the obr slashed growth forecasts in half for this year butgrade upgraded them for the four years from 2026. Completely delusional. Were forecasting back in October for the remaining years of the parial.
“It was completetely delusional when allowing this Government has done in term of increasing taxes, increasing regulations, will destroy GROWTH.
“We have already seized the conceived of it.
“There's one summary word for this: delusional.”
The OBR Said today that it expects uk gross domestic product (GDP) to rise by 1% in 2025.
But the fiscal watchdog upgraded the Growth forecasts it is previously set in October last year for the four years from 2026.
It now expects the economy to grow by 1.9% in 2026, 1.8% in 2027, 1.7% in 2028, and 1.8% in 2029.
The Fresh Predictions Came as Chancellor Rachel Reves Unveiled Her Spring Statement in the Commons.