Rachel Reeves risks entering an economic "doom loop" if she continues to cut spending, a former Bank of England chief economist has warned.
The OBR will publish an economic and fiscal forecast on 26 March, five months after its last forecast, which said the October budget was unlikely to increase economic growth over the next five years.
Andy Haldane, who was with the Bank for 32 years until 2021, said the Office for Budget Responsibility's (OBR) forecast in March could lead to less investment and spending.
He told Sky News' Politics Hub with Sophy Ridge: "It would be deeply counterproductive to both growth and to the fiscal position if that led to a cutting back on investment and indeed in spending more generally.
Mr Haldane, who became well-known for his speeches during COVID, said his concern depends on how much government spending is cut by the chancellor this spring.
