The hedgehog chart has been the bane of British finance ministers and Bank of England chiefs since the financial crisis. <\/p>\n
It shows how the Office for Budget Responsibility has repeatedly predicted a productivity revival that then never materalized, its faulty forecasts resembling the spines of the animal that is occasionally found in British gardens. In November, the fiscal watchdog conceded it had been too optimistic and downgraded<\/a> its outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"The hedgehog chart has been the bane of British finance ministers and Bank of England chiefs since the…\n","protected":false},"author":2,"featured_media":409786,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[733,934,84,4229,1294,2195,1431,814,3714,5829,72107,56,54,55,1630],"class_list":["post-409785","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-artificial-intelligence","tag-brexit","tag-business","tag-economics","tag-economy","tag-employment","tag-inflation","tag-interest-rates","tag-media","tag-morgan-stanley","tag-ubs-group-ag-reg","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-wealth-management"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/409785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=409785"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/409785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/409786"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=409785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=409785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=409785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}