The Office for Budget Responsibility (OBR), one of the UK’s central forecasters, prepared itself for President Trump’s tariff war – or at least partially. At a presentation after Chancellor Reeves’ Spring Statement, OBR chair Richard Hughes admitted the fiscal watchdog’s central forecast risked being completely undermined by global events.
Hughes came up with three possible scenarios for what Trump could announce and how much pain the UK economy would suffer. In one scenario, where the UK was slapped with…Trump's Trade Policies Baffle Economic Forecasters
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