Transport project promoters in England should incorporate lower economic growth projections from the Office for Budget Responsibility (OBR) in their scheme appraisals, the DfT has said.
The OBR has recently published two sets of lower GDP projections. The first were issued in March and do not reflect Covid-19. Instead, they reflect “persistently weak productivity growth since around the time of the financial crisis [of 2008],” the DfT explains.
The OBR published further...
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