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UK minister says government will work with OBR on economic forecasts

Published by Uma Rajagopal

Posted on September 30, 2022

1 min read

· Last updated: February 4, 2026

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Andrew Griffith speaking outside Downing Street about economic forecasts - Global Banking & Finance Review
City minister Andrew Griffith is seen outside Downing Street in London, discussing the government's collaboration with the OBR on economic forecasts following a turbulent mini-budget. This image highlights key financial discussions impacting the UK economy.
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LONDON (Reuters) – Britain’s City minister Andrew Griffith said on Friday that Prime Minister Liz Truss and finance minister Kwasi Kwarteng would meet the independent fiscal watchdog regarding economic forecasts. “We all want the forecasts to be as quickly as they (OBR) can but also .. you also want them to have the right level […]

LONDON (Reuters) – Britain’s City minister Andrew Griffith said on Friday that Prime Minister Liz Truss and finance minister Kwasi Kwarteng would meet the independent fiscal watchdog regarding economic forecasts.

“We all want the forecasts to be as quickly as they (OBR) can but also .. you also want them to have the right level of detail,” Griffith told Sky News. The government’s mini-budget last week sent the market into a tailspin as investors worried about how it would be funded.

(Reporting by William James, writing by Muvija M; editing by James Davey)

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Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders in a specific time period, often used as a measure of economic performance.
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Financial markets are platforms where buyers and sellers engage in the trade of financial assets, such as stocks, bonds, and currencies, facilitating capital flow and investment.

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