Ten key takeaways from the 2023 Autumn Statement

OBR dampens growth forecasts The Office for Budget Responsibility revised down its GDP growth forecasts and brought up inflation predictions. Inflation is now expected to average 4.8% in the final quarter of this year, 1.9 percentage points higher than predicted in the March forecast. By 2028, prices are expected to be 7% higher than previously expected. Meanwhile, growth forecasts were "slashed", with GDP growth expected to be 0.7% in 2024, 1.4% in 2025, 1.9% in 2026 and 2% in 2027, a significant drop from the OBR's forecasts earlier this year, which predicted growth at 1.8% in ...