B

Baroness Wheatcroft (CB)

Speaking in the House of Lords on 1 December 2025

Debate

OBR Forecasts

Contribution

My Lords, would the Minister agree that the real flaw in all this debate is putting such importance on such tiny movements in forecasts? The OBR itself admits that its forecasts tend to overestimate GDP growth and productivity. The reliance on these figures on such short-term movements is utterly crazy when something such as the student loan book stands at nearly £300 billion. Could the Minister tell us what sort of a shortfall he expects to come out of that in the end?

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