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Budget Office Apologizes for Error, Lowers Future Growth Projections

11/26/2025

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Summary

Story summary

The Office for Budget Responsibility apologized for a "technical error" while it investigates its cause.
The Office for Budget Responsibility's forecast shows 1.5% growth this year, with 2026+ projections lowered.
The chancellor said the government would exceed the forecast and prioritize growth to improve living standards.
The Office for Budget Responsibility clarified that the downgrade stems from a 0.3 percentage point productivity reduction and does not reflect government policies.

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Story summary

The Office for Budget Responsibility apologized for a "technical error" while it investigates its cause.
The Office for Budget Responsibility's forecast shows 1.5% growth this year, with 2026+ projections lowered.
The chancellor said the government would exceed the forecast and prioritize growth to improve living standards.
The Office for Budget Responsibility clarified that the downgrade stems from a 0.3 percentage point productivity reduction and does not reflect government policies.