Jack

The OBR has now published what the Chancellor and Treasury knew and when - in a letter to the Treasury Select Committee - about whether she would hit her fiscal targets. As you can see from the attached table, there was never a huge black hole from the productivity downgrade, because tax revenues were boosted by higher inflation and wages. The mystery therefore deepens about why the Chancellor, in her highly unusual press conference and subsequent interview, felt the need to create a sense of crisis

I can’t believe it my student loan is finally paid off 🥹