https://www.ft.com/content/dde5cd74-...4-2218e7146b04
Thought I'd take this out of the Brexit megathread but some fascinating data came out today on the UK's national budget deficit. The OBR (Office for Budget Responsibility) makes predictions twice a year as to what the state of the economy is and will be, in March and November.
Long story short: the OBR's March 2018 borrowing forecast was £5bn too high for the year ending in March 2018.
Or if we look back further its November 2017 borrowing forecast was £10bn too high and the forecast from March 2017 was £18bn too high.
Likewise its March 2017 borrowing forecast for the year ending March 2017 was again £5bn too high and its November 2016 borrowing forecast for that year was £22bn too high.