Jo Michell, a professor of economics at the University of the West of England, said: “It’s really about how do you stop this silly dance where the government adjusts long-run plans to short-run moves in bond markets. Forecasts are not a bad thing per se, but it’s the tail wagging the dog.”... James Meadway, a former economic adviser to John McDonnell and host of the podcast Macrodose, argues that it is impossible to drain the politics out of forecasting. “These aren’t neutral facts at all – they’re hotly contested, just like everything else in economics,” he said.
