The Bank of England is consulting the public on which animals should go on our banknotes. Surely it has to be the European hedgehog, in honour of the chart below.
Ben Zaranko
Rachel Reeves is about to get bitten by the productivity hedgehog. A bigger-than-expected OBR downgrade means a bigger-than-expected consolidation will be needed to meet the fiscal rules. Makes it harder to honour manifesto tax promises, and harder to build in more ‘headroom’.
Ben Zaranko
Reeves faces £20bn hit to UK public finances from productivity downgrade on.ft.com/4hOCXVD
on.ft.com
Bigger than expected reduction in OBR forecast deals blow to chancellor ahead of Budget
