Comparison of key OBR forecasts in March 2018 and November 2017
Real GDP growth (%) |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
Spring Statement (March 2018) |
1.7 |
1.5 |
1.3 |
1.3 |
1.4 |
1.5 |
Budget (Nov 2017) |
1.5 |
1.4 |
1.3 |
1.3 |
1.5 |
1.6 |
CPI inflation (%) |
|
|
|
|
|
|
Spring Statement (March 2018) |
2.7 |
2.4 |
1.8 |
1.9 |
2.0 |
2.0 |
Budget (Nov 2017) |
2.7 |
2.4 |
1.9 |
2.0 |
2.0 |
2.0 |
Public sector net borrowing (£bn)* |
2017/18 |
2018/19 |
2019/20 |
2020/21 |
2021/22 |
2022/23 |
Spring Statement (March 2018) |
45 |
37 |
34 |
29 |
26 |
21 |
Budget (Nov 2017) |
50 |
40 |
35 |
33 |
30 |
26 |
*Excluding borrowing of public sector banks.
Source: OBR
Comparison of key OBR forecasts in March 2018 and November 2017
Real GDP growth (%) |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
Spring Statement (March 2018) |
1.7 |
1.5 |
1.3 |
1.3 |
1.4 |
1.5 |
Budget (Nov 2017) |
1.5 |
1.4 |
1.3 |
1.3 |
1.5 |
1.6 |
CPI inflation (%) |
|
|
|
|
|
|
Spring Statement (March 2018) |
2.7 |
2.4 |
1.8 |
1.9 |
2.0 |
2.0 |
Budget (Nov 2017) |
2.7 |
2.4 |
1.9 |
2.0 |
2.0 |
2.0 |
Public sector net borrowing (£bn)* |
2017/18 |
2018/19 |
2019/20 |
2020/21 |
2021/22 |
2022/23 |
Spring Statement (March 2018) |
45 |
37 |
34 |
29 |
26 |
21 |
Budget (Nov 2017) |
50 |
40 |
35 |
33 |
30 |
26 |
*Excluding borrowing of public sector banks.
Source: OBR