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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 particularly biased in any direction and they are based on the best available evidence at the time. because of that, they lend
FTSE 100 closes up UK GDP figures revised upwards OBR forecasts not to be published until November 23rd 4.42pm: FTSE closes up FTSE 100 closed the final day.