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Inflation: how to improve official predictions – by asking the public

By Paul Whiteley, Professor, Department of Government, University of Essex

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided producing, which played a part in triggering the dramatic market reaction to the…

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