BBCNEWS BBC News June 4, 2024 09:13:00
Earlier i spoke to sir charles bean — he worked at the 0br for five years on the budget responsibility committee. he told me how important theirforcasts are... the key thing about the formation of the 0br is that it took forecasting outside the treasury and gave it to an independent agency. and that meant it wasn't subject to some of the pressures and wishful thinking that has been plaguing treasury forecasts in the past. you can't claim that 0br forecasters are endowed with greater wisdom or anything. their forecasts won't necessarily come to pass, but the key thing is they are not particul...