![Spring statement: OBR slashes economic growth forecasts on Russia-Ukraine war inflation spike](https://cdn.newsserve.net/ONPglobe256.png)
Spring statement: OBR slashes economic growth forecasts on Russia-Ukraine war inflation spike
The UK’s fiscal watchdog has slashed its forecasts for economic growth this year driven by the Russia-Ukraine war sending inflation spiking. Chancellor Rishi Sunak announced at his spring statement today that the Office for Budget Responsibility is expecting the UK economy to grow 3.8 per cent this year, down from six per cent in its [...]
Full Article