OBR too downbeat about productivity

The OBR’s decision to cut its productivity growth forecasts left the Chancellor scrambling to find some money to achieve his 2019/20 surplus goal. But we think that productivity growth will be much stronger than the OBR expects, giving the Chancellor an unexpected windfall further ahead.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.