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Navigating Fiscal Challenges
This chapter examines the critical role of the Office for Budget Responsibility (OBR) in shaping fiscal policies amidst rising interest rates and low growth projections. It discusses the need for a flexible approach to fiscal rules and budget planning, while highlighting the challenges of reliable data and the impact of local resistance on infrastructure development. The conversation emphasizes the importance of adapting strategies for effective public spending and welfare reform in an evolving economic landscape.