The government’s fiscal watchdog, the Office for Budget Responsibility (OBR), is reported to be considering changes to the growth figures it has provided to the Chancellor ahead of a Budget. The reported adjustment is linked to concerns about housing delivery, including slow construction rates that are expected to mean housing targets are missed.
According to the outlet reporting the story, the OBR is “poised” to downgrade its forecasts. This reflects the broader issue of how housing performance feeds into economic assumptions used in Budget planning. The reporting also frames the situation as a political and policy challenge for Labour, tied specifically to delivery of housing goals.
The information cited is based on claims about the OBR’s internal assessment and whether it will revise the figures it will present in the Budget process. No further details about the size of any downgrade or specific forecast components are provided in the material supplied.
