Summary
The latest data release from the UK’s Office for Budget Responsibility (OBR) outlines a precarious path back to economic normalcy for a country that has had to fend off the ill effects of COVID-19 and longstanding uncertainty over Brexit.
Established in 2010, the OBR is a watchdog that provides independent analysis of governmental finances. Its main duty is to hold the government to account on its targets and projections.
Thus, when the OBR talks, people tend to listen. And there’s not much to like in this latest disclosure.
