UK economic growth next year will be fastest since 1948, says OBR

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Government’s independent forecaster also says Covid crisis will cost the equivalent of £14,000 for every household

Britain’s growth rate will accelerate next year at the fastest rate since official records began as the economy rebounds by 7.3%, according to the government’s independent economic forecaster.Office for Budget ResponsibilityBut the OBR warned that debts from the pandemic will cost the equivalent of £14,000 for every householdhits a postwar high, according to figures that lay bare the impact of Covid-19 on the public finances.

 

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That’s starting at a low level reached after WW1

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