Economic forecasts will make ‘for a sobering read’, UK cabinet told
LONDON: British finance minister Rishi Sunak told Prime Minister Boris Johnson’s cabinet team of top ministers on Wednesday that the upcoming Office for Budget Responsibility’s forecasts would “make for a sobering read”.
“Cabinet was told the OBR forecasts will show the impact the coronavirus pandemic has had on our economy and they will make for a sobering read, showing the extent to which the economy has contracted and the scale of borrowing and debt levels,” Johnson’s Downing Street office said in a statement. – Reuters