Claims extracted
13
sentences that state something as happening or true
Uncertain
8%
1 of 13 hedged
("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
68/100
Daily Mail's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The Budget watchdog's worst-case scenario for oil has already been reached with yet more price shocks to come.
asserted
scenario → reach → shocks
In its predictions ahead of the Chancellor's statement this week, the Office for Budget Responsibility (OBR) forecast that oil prices would peak at $115 a barrel next year in a 'severe shock scenario'.
asserted
prices → forecast → scenario
But the benchmark Brent crude oil price climbed past $115.90 on Wednesday.
And it is feared the cost of a barrel will peak again next week because Donald Trump has vowed to resume bombing Tehran after the US midterm elections on Tuesday.
asserted
Trump → climb → Tuesday
The unexpected increase prompted the OBR to significantly downgrade the growth forecast for next year.
asserted
increase → prompt → year
GDP is now projected to grow by just 1 per cent in 2027, 0.5 per cent lower than forecasts.
asserted
GDP → project → forecasts
In its forecast, the OBR said: 'We anticipate growth of around 1 per cent in 2027, down about half a percentage point from March, as it takes time for higher global energy prices and increased interest rates to weigh on activity.'
Its March forecast was finalised just before Mr Trump's attack on Iran on February 28, which sent oil prices soaring above $115 per barrel.
Soaring oil prices have already exceeded the Office for Budget Responsibility's (OBR) worst-case forecast.
asserted
prices → say → forecast
Renewed US military action against Iran could push oil prices higher.
uncertain
action → push → prices
The OBR now expects inflation to peak at 3.75 per cent early next year and will be about 1.5 percentage points higher across 2027 than expected.
asserted
inflation → expect → 2027
Surging prices mean households will experience no increase in their earnings in 2027 or 2028, the OBR added.
asserted
OBR → surge → 2027
Former Tory defence secretary Sir Gavin Williamson said last night: 'The OBR's worst-case has turned up a year early.
'
asserted
case → say → ?
Things are only going to get worse, and it seems as if the OBR are being ridiculously optimistic and the Government is still planning as if none of this is happening.'
asserted
none → go → this
Former home secretary Dame Priti Patel said the OBR will 'continue to downplay the extent of the economic shambles Labour are inflicting upon Britain.'
asserted
Labour → say → Britain
The OBR said: 'A broad range of factors, many from outside the UK, will influence the UK's future economic performance.'
asserted
range → say → performance
The Aporia
