Economic Forecast Downgraded Ahead of Budget

Economy not recovering as fast as expected, says Sir Alan Budd, chair of the new Office for Budget Responsibility (OBR).
Economic Forecast Downgraded Ahead of Budget
Sir Alan Budd, now chairman of the Office for Budget Responsibility (OBR), delivers his report into former Home Secretary David Blunkett's fast-tracking of a visa application, December 21, 2004. Ian Waldie/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/51883974.jpg" alt="Sir Alan Budd, now chairman of the Office for Budget Responsibility (OBR), delivers his report into former Home Secretary David Blunkett's fast-tracking of a visa application, December 21, 2004. (Ian Waldie/Getty Images)" title="Sir Alan Budd, now chairman of the Office for Budget Responsibility (OBR), delivers his report into former Home Secretary David Blunkett's fast-tracking of a visa application, December 21, 2004. (Ian Waldie/Getty Images)" width="320" class="size-medium wp-image-1818551"/></a>
Sir Alan Budd, now chairman of the Office for Budget Responsibility (OBR), delivers his report into former Home Secretary David Blunkett's fast-tracking of a visa application, December 21, 2004. (Ian Waldie/Getty Images)
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