Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

UK ready to defy economists ‘trying to do futurology’, says Ruth Davidson

Ruth Davidson
Ruth Davidson

Ruth Davidson took a pop at economists “trying to do futurology” over Britain’s prospects as she highlighted the country’s record in defying gloomy forecasts.

Independent experts at the Office for Budget Responsibility dramatically downgraded growth predictions for the UK to 2021 earlier this week.

The Scottish Conservative leader was challenged on the UK’s economic slide since the Philip Hammond, who became Chancellor in 2016, hailed its place at the top of the growth table in his first Budget.

Asked how the UK was performing now, she replied: “Last year we were the second fastest, so we were one off.

“We have seen that those (growth figures) have been revised downwards, so that’s disappointing.

“We have consistently broken some of the forecasts for the future.”

Pressed on the OBR’s forecasts for the next four years by Andrew Marr, Ms Davidson said: “The last year that we had actual numbers for – not forecasts, not people who are trying to do futurology – but where we have actually had numbers were for last year, for 2016, and we were the second fastest growing major developed economy in the world.”

The OBR predicted that the budget deficit – the difference between public spending and government revenues in a year – would not be wiped out until 2031. The Treasury had previously vowed to eliminate it by 2015.

Also speaking on the Andrew Marr Show, shadow international trade secretary Barry Gardiner ruled out giving a date for when Labour would eliminate the deficit, which is predicted to be £50bn in 2017/18.

Mr Gardiner said the uncertainty over Brexit made such forecasts difficult.

When when asked when the deficit would be eliminated under Labour’s plans, Mr Gardiner said: “No, I’m not going to say that at all.”

He went on to say: “Anybody who wants to forecast what our economy is going to be like in 2031 here, 14, 15 years ahead of that date, when we have not even determined what the Brexit negotiations are going to look like, would be foolish.

Mr Gardiner said Labour would ensure the deficit would be reducing within five years, and that the economy would be growing under Jeremy Corbyn’s plans, making the deficit less of a burden.

Already a subscriber? Sign in

[[title]]

[[text]]

More from The Courier UK politics team

More from The Courier