OBR chief Richard Hughes coming up on Today in a mo, previewing the new Fiscal Risks Report…
Triple Lock uprating due to 8% earnings “anomaly” forecast to coast £3 billion in payments to pensioners, says OBR’s chief Richard Hughes to @bbcnickrobinson on Today... and already no provision for £10bn of ongoing annual extra post pandemic spending...
Important OBR report onto medium term fiscal risks... and covid response
... UK fall in GDP in 2020 second worst behind Spain, worst in G7 reflecting big pandemic health hit
... UK fall in GDP in 2020 second worst behind Spain, worst in G7 reflecting big pandemic health hit
... so UK had second biggest pandemic fiscal rescue package - and the biggest bump to healthcare spending, and employment, less directly to households... but US support, particularly to households much bigger
why UK health spending during pandemic was so much more than similar countries?
UKs health system capacity esp on acute care, below average, well below best prepared in OECD - ie it was needed
*NB v little reflection on this, do we now need £££ for perm better acute care?
UKs health system capacity esp on acute care, below average, well below best prepared in OECD - ie it was needed
*NB v little reflection on this, do we now need £££ for perm better acute care?
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