UK Business

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how to improve official predictions – by asking the public

Written by Paul Whiteley, Professor, Department of Government, University of Essex

The Bank of England (pictured) uses OBR forecasts to decide on UK interest rates.Claudio Divizia / Shutterstock

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the...

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