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UK budget watchdog to cut productivity forecast
Gulf Today
|November 02, 2025
Britain's budget watchdog is expected to cut a key productivity forecast by a larger-than-expected 0.3 percentage points, people familiar with the situation said, potentially leading to a 20 billion-pound ($26.8 billion) hit to the public finances.
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Finance minister Rachel Reeves has said the Office for Budget Responsibility is likely to cut its productivity forecast after acknowledging it had been too optimistic in the past.
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