ADS Group - Aimie Stone
The OBR has today released a scenario on the potential impacts of the coronavirus on the UK economy. The measures announced by the UK Government to help support businesses and individuals through the pandemic outbreak equate to not just policy changes but a significant fiscal package, and an increase in public borrowing has been required to make it happen.
This OBR report is focused on the short-term impacts of the crisis, but the medium-term consequences will be important too. We can expect for now, major deviations from previous budgets and forecasts. Although, we should exercise caution with first look forecasts and assumptions which are very likely to change as the situation continues to unfold...more
