On the 22nd of November, the Office for Budget Responsibility (OBR) published its latest Economic and Fiscal Outlook for the UK and we have now had time to digest the contents.
Comment
The above makes for unpleasant reading but is to be expected as both the Bank of England (inflation) and the Government (taxes and the economy) battle to get the UK back on a sound economic footing. We have said all along that we do not foresee interest rate falls until the Autumn 2024 unless there is a significant downturn in the economy.