Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Conversation
The Conversation
Paul Whiteley, Professor, Department of Government, University of Essex

Inflation: how to improve official predictions – by asking the public

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 government’s policies on the economy. This is something the Liz Truss government studiously avoided producing, which played a part in triggering the dramatic market reaction to the September 2022 mini-budget.


Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.