Comments: Budget tall tales about UK competitiveness

There does seem to be a "finger in the air" attitude towards forecasting in recent years, where optimistic foreacsts are trumpeted, and then "adjusted" downwards when reality creeps in, and just before they're held accountable for them.

I suppose a lot of economists are relying on peoples' short memories of their previous predictions. Personally, I can't remember any of last year's Big Brother contestant names, let alone Gordon Brown's 2006 growth prediction last year (some double-figure percentage no doubt).

I see his prediction for next year is much better though ... ;)

Posted by Paul Owen at March 27, 2006 11:25 AM