Budget 2026: Healey Confronts £11bn Shortfall Amidst Downgraded Growth Forecasts and Soaring Inflation

The chair of the Office for Budget Responsibility (OBR), Jonathan Haskel, made a statement following the delivery of the Budget by John Healey. Haskel’s insights are anticipated to provide further clarity on the implications of the Budget for the UK economy, particularly in light of ongoing fiscal challenges and economic uncertainties.

Insights from the OBR’s Chair

During his address, Haskel is expected to analyse the expected outcomes of Healey’s proposals, offering a perspective on how these measures might influence economic growth, inflation rates, and public finances in the coming years. The OBR plays a crucial role in providing independent economic forecasts, which are essential for understanding the potential impact of government policies.

As the economic landscape continues to evolve, the insights from the OBR are vital for policymakers and stakeholders alike, as they navigate the complexities of the current financial climate. Haskel’s comments will likely address not only the immediate effects of the Budget but also broader economic trends and forecasts that will shape the UK’s fiscal future.

Profile of the Economics and City Reporter

Maurício Alencar serves as the Economics and City Reporter for City AM, where he focuses on a wide range of topics pertaining to the UK economy. His coverage includes critical areas such as inflation, immigration, and the activities of the Bank of England and the Treasury. Alencar’s role is pivotal in providing readers with insights into business surveys and other significant developments that impact the City of London.

Before his current position, Alencar honed his reporting skills in foreign news and sports journalism across various publications. His diverse background also includes investigative reporting, an area he is keen to continue exploring. This blend of experiences allows him to approach economic reporting with a unique perspective, enriching the narrative surrounding the UK’s economic landscape.