- OBR raised 2027-28 borrowing forecast to 3.4% of GDP from 2.9%
- OBR sees deficit at 1.8% of GDP by 2031-32
The UK OBR now expects borrowing at 3.4% of GDP in 2027-28, up from a prior 2.9%. The agency projects the deficit will narrow to 1.8% by 2031-32.
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