Budd Says Double-Dip Recession in U.K. Is Possible
This article is for subscribers only.
Alan Budd, who stepped down as chairman of the Office for Budget Responsibility last week, said there is a risk that Britain slides back into recession.
“Our fan charts show it is a possibility,” Budd said in an interview with BBC Radio 4’s “Today” show. “It’s not to me the most likely outcome -- the most likely outcome is that the economy will continue to grow -- but one can’t rule anything out.”