Posted: Mar 14, 2018 2:46 am
minininja wrote:Tracer Tong wrote:Pretty positive economic news today.
It's almost as though George Osborne was fibbing, or something. And I always thought him so reputable and honest.
Yeah if you believe what Hammond says.
And you know a lot of what was predicted did happen don't you? The Pound dropped by 15%. The Bank of England took measures to prevent recession. They cut the base rate to 0.25% and pumped billions more into the economy through QE.
Hammond is reporting the forecasts of the OBR.
Beyond that, almost nothing, if anything, of the projections I referred to happened (you can see a summary of them at the bottom of the page I linked to earlier). For all the talk of the lies of the 'Leave' campaign, the lies of the 'Remain' campaign were just as great, and indeed enjoyed the sponsorship of the state. But so it goes.