The OBR’s March 2025 forecast is a politically sanitized document. It paints a portrait of control and credibility during a time when gilts are surging, short-term repo operations are ballooning, and public trust in statistics is collapsing. It rests on a rickety scaffold of assumptions—strong earnings growth, falling rates, and declining real spending—that may not survive contact with reality. In short - I think they are on some heavy drugs or just making shit up — probably both 🤣