forecast

The OBR forecast by law has to happen twice a year, but that could now only happen in full once a year.

“It is like looking for a weather forecast for a trip to the beach and being told that the average temperature nationwide is likely to be 67 degrees,” the authors of the Moody’s-led analysis wrote.

The chancellor believes that has set a precedent and that the OBR should include the projected economic upsides of a youth mobility scheme into its upcoming forecast.

"When we build in a new mill we look at the production forecast and where wood is going to be produced and it was among those forests."

It was the fastest pace since early 2022 and well above economists' forecasts, signalling a burst of activity in a frozen housing market.