Robert Colvile: Overspending surpasses five-year forecasts by large GDP margins

Robert Colvile: Overspending surpasses five-year forecasts by large GDP margins
U.K. GDP overspending trend

The U.K. has consistently overspent its economic forecasts by significant portions of GDP, according to Robert Colvile.

Citing research from CPSThinkTank, Colvile argues that every five-year forecast on record has been exceeded, even without considering pandemic-related costs. He suggests that the appearance of fiscal restraint is deeply ingrained in current economic management practices.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.