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Obr Boss Quits

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Sir Alan Budd who heads up the Office of Budget Responsibilty is set to quit.

http://www.guardian.co.uk/business/2010/jul/06/alan-budd-quits-government-spending-watchdog

The OBR which is meant to give impartial figues for the economy is under pressure already. Why has he quit? We don't know but looks like George and Dave were leaning on him for being too honest. This an interesting story as the OBR is a the heart of the new Tory machine. I sense a scandal brewing over this.

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He probably didn't fancy facing the Treasury Select Committee.

Chairman/Member of TSC: You said 2 million jobs would be created in the next five years. How did you arrive at that figure?

AB: Because that's how many DC said we needed. Ooh, what a giveaway!

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Sir Alan Budd who heads up the Office of Budget Responsibilty is set to quit.

http://www.guardian.co.uk/business/2010/jul/06/alan-budd-quits-government-spending-watchdog

The OBR which is meant to give impartial figues for the economy is under pressure already. Why has he quit? We don't know but looks like George and Dave were leaning on him for being too honest. This an interesting story as the OBR is a the heart of the new Tory machine. I sense a scandal brewing over this.

Maybe the OBR has had it's budget cut as well.

:)

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<br />Sir Alan Budd who heads up the Office of Budget Responsibilty is set to quit.<br /><br /><a href='http://www.guardian....ending-watchdog</a> <br /><br />The OBR which is meant to give impartial figues for the economy is under pressure already. Why has he quit? We don't know but looks like George and Dave were leaning on him for being too honest. This an interesting story as the OBR is a the heart of the new Tory machine. I sense a scandal brewing over this.<br />
<br /><br /><br />

Bud Wiser?

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This has been picked up in main broadsheets now - who are reporting it as a blow to Georgie boys plans. Could it be anything to do with the fact that they forgot to mention to Budd that they were going to cut the schools capital expenditure? After they said that they wouldn't cut capital projects. You just get the impression at the moment that they're just making it up as they go along.

What credibility will the OBR have now? The trouble is all of these organisations are subject to political bias under which ever Govn is in power. But I just can't see how they can get a growth figure or falling unemployment while they are going around slashing major budgets. All we hear is cuts, cuts cuts - but where is the growth coming from. An impossible task for the forecasters in my mind!

Great new words going around - Slashophilia and slashoholic! Guess who?

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Posters on here can rarely predict with any accuracy when Halifax and Nationwide figures are coming out. How can Sir Alan Budd be expected to compile his independent forecasts under such conditions?

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  • 150 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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