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MNI BRIEF: UK OBR Hughes: Scenarios Key For Public Finances

The UK's Office for Budget Responsibility is focusing on Covid scenarios rather than a single central economic projection, publishing upside and downside scenarios alongside a central projection for debt and deficits, Richard Hughes, the new head of the official fiscal forecaster told legislators Wednesday.

Charlie Bean, a member of the OBR's Budget Responsibility Committee, gave evidence alongside Hughes and he said that it was fair to assume that the current rise in Covid infections "at a minimum is going to put the (UK economic) recovery on hold for a while."

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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