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A-Z Glossary - terms, acronyms and key players in the debate



Austerity, a difficult economic situation caused by a government reducing the amount of money it spends, Cambridge Dictionary

Austerity, otherwise known as balancing the budget, is a political-economic term referring to policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. Austerity measures are used by governments that find it difficult to pay their debts. Wikipedia


Bean, Charlie

Professor Sir Charlie Bean, Managing Executive of Office for Budget Responsibility (OBR)


Brexit, a journalistic construct (approx circa 2012) comprising BR from Britain, and EXIT, as in Exiting from the European Union

The withdrawal of the United Kingdom from the European Union, English Oxford Living Dictionaries


Chote, Robert

Robert Chote, Chairman of Office for Budget Responsibility (OBR)


King, Andrew

Andy King, Budget Responsibility Executive Committee Member of Office for Budget Responsibility (OBR)



Office for Budget Responsibilty (OBR)

Information about the OBR on the Government UK site