14 Jul 2020

‘UK has had two once in a lifetime shocks in slightly over a decade – OBR’s Robert Chote

Europe Editor and Presenter

The collapse in economic output could mean the government has to borrow a startling £372 billion pounds this year – that’s one scenario unveiled today by the independent economics watchdog, the Office for Budget Responsibility.

Amazingly, that’s their central scenario rather than their worst case.

We spoke to the head of the OBR, Robert Chote, and asked him how bad the outlook is.