The Office for Budget Responsibility (a very loose term) passes comment after Hammond Autumn Statement
There's a significant chance that the government's new fiscal targets will be missed
Sees 35% chance of new target being missed based on past performance
New fiscal mandate is much looser, likely to add 0.1% to GDP in 2017/18
Government has given no information on Brexit negotiation goals
Any likely Brexit outcome would lead to lower trade flows, lower investment and lower net inward migration
Expects the fall in sterling to add almost 2% to the level of CPI over next 2 years
Inflation likely to peak at 2.6% in mid-2018
We're doomed before Hammond's breath from his last comments went cold.
Cable has taken a dive but that's more from the dollar side than disappointment in the statement.
