@sara7reis.bsky.social
Reposted
Imagine the OBR existed in 1948 when the plan was to create the NHS
They would calculate the NHS’s precise cost, but ignore its long-term societal benefits. They would forecast that there isn’t enough “headroom” against some daft fiscal rule
It would be thrown out straight away
They would calculate the NHS’s precise cost, but ignore its long-term societal benefits. They would forecast that there isn’t enough “headroom” against some daft fiscal rule
It would be thrown out straight away
The OBR was created in 2010, and it’s no coincidence that the UK has been stuck in an economic doom loop since then
Governments repeatedly design budgets to game the OBR’s highly uncertain projections of highly problematic fiscal rules. This is part of the doom loop
Governments repeatedly design budgets to game the OBR’s highly uncertain projections of highly problematic fiscal rules. This is part of the doom loop
March 28, 2025 at 2:08 PM
Imagine the OBR existed in 1948 when the plan was to create the NHS
They would calculate the NHS’s precise cost, but ignore its long-term societal benefits. They would forecast that there isn’t enough “headroom” against some daft fiscal rule
It would be thrown out straight away
They would calculate the NHS’s precise cost, but ignore its long-term societal benefits. They would forecast that there isn’t enough “headroom” against some daft fiscal rule
It would be thrown out straight away