OBR Economist Earlier Said Labour Borrowing Plan Could Boost Growth, Drawing Criticism From Some Tories Over Forecasting
• OBR economist Scott Bowman said in 2017 that Labour's £250B borrowing plan could significantly boost GDP growth
• Bowman made the comments shortly before joining the OBR as head of the economy team
• He said the borrowing would provide less drag on the economy and allow fiscal policy loosening
• Former PM Liz Truss has criticized OBR's forecasting as relying on static modeling that undervalues tax cuts
• Tory MP Greg Smith said the analysis shows OBR is unfit, habitually wrong in forecasts and argues more debt boosts economy