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Forecast in detail
Publication year - 2019
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12398
Subject(s) - mandate , margin (machine learning) , fiscal year , economics , fiscal adjustment , fiscal policy , macroeconomics , finance , political science , law , machine learning , computer science
Some sizeable, favourable, forecast revisions from the Office of Budget Responsibility (OBR) allowed the Chancellor to announce a significant loosening of the fiscal stance in October’s Budget, while still maintaining the same margin for error against his fiscal mandate. However, forthcoming changes in the treatment of student loans in the public finances mean that the prospects of a further loosening in the fiscal stance look slim.