The OBR told MPs high inflation is expected for the next six months to a year and warned over the jobs market.
they expect inflation to fall in between six months and a year but said the number of people leaving the workforce could keep it higher.The economic forecasters said they also feared public transport may face a permanent black hole in its finances without service cuts as passenger numbers remain below pre-pandemic levels.chairman Richard Hughes suggested the Treasury may struggle to hit its new deficit targets, especially if interest rates rise, and would be in for a “wild ride”.
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