Karl Horton, data services director at the Building Cost Information Service (BCIS), comments on the UK's Spring Statement and forecasts for the country's economic and fiscal outlook from the Office of Budget Resp
The Autumn Statement was delivered against a weaker economic backdrop with Office for Budget Responsibility (OBR) forecasts indicating slower GDP growth, subdued business investment and prolonged pressure on household finances-all despite confirmation from the Chancellor of a smaller 'black h