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Tuesday, 29 November 2011

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"...Here again are some diagrams from the Office of Budget Responsibility (OBR) which illustrate matters better than my words...

Question David.

That word just after Budget... "Responsibility"?

Have they changed your dictionary's definition too?

Not sure I understand your point, JK. The OBR does not have respnsibility for deciding on the budget but it does have responsibility for producing independent statistics and forecasts as a means, after Brown & Balls, of keeping Chancellors fairly honest. The fact that their forecasts were pretty hopeless, too, does not breed confidence!

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