Pascual: OBR Forecast More Bullish Than BOE

The video discusses the last autumn statement by Philip Hammond, focusing on Brexit's impact on borrowing and fiscal policy. It highlights criticisms of the Office for Budget Responsibility's forecasts and their political implications. The analysis of the Brexit vote and its political context is explored, along with the challenges in economic forecasting amid political uncertainty.

What was a significant financial implication of Brexit mentioned in the autumn statement?

• More than 60 billion of borrowing over the next five years

• Decrease in national debt

• Increase in taxes

• Reduction in public spending

What was one of the key pledges made by the Tories in the 2015 election?

• To increase public spending

• To balance the books by the end of the Parliament

• To increase foreign aid

• To reduce taxes for the wealthy

What is a major issue faced by governments in the UK and continental Europe according to the discussion?

• Decline in educational standards

• High levels of public debt

• Increase in unemployment rates

• Lack of political leadership

What is the Bank of England's average growth forecast beyond 2017?

• 2.0%

• 1.5%

• 1.0%

• 2.5%

What is a challenge mentioned in making economic forecasts during Brexit?

• Inaccurate statistical models

• Political interference

• Lack of historical data

• Uncertainty of Brexit's impact