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The government’s economic plan has been torpedoed by a productivity shift

New OBR figures lay bare the challenge facing Brexit Britain

By George Magnus  

Cars on an assembly line in Birmingham. Productivity—output per hour worked—is on the slide. Photo: Matt Crossick/Matt Crossick/Empics Entertainment

Theresa May’s government is creating enough of its own bad news without any help from the Office for Budget Responsibility (OBR), created in 2010 to provide independent and authoritative analysis of the UK’s public finances. Yet in today’s “Forecast Evaluation Report,” the OBR has pretty much holed the Treasury and the government below the water line at a crucial time in the Brexit negotiations, and just weeks before the…

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