Lack of budget details led to work of fiction' forecasts last year, says OBR chief
Jeremy Hunt's economic forecasts last year were criticized by the Office for Budget Responsibility for being based on questionable assumptions.
The OBR chair, Richard Hughes, warned that the tiny margin for error in the government's debt-reduction rules leaves little room for changing assumptions and data revisions. [ more ]
HanesBrands agrees to sell global Champion brand for $1.2 billion
HanesBrands Inc. is selling its Champion brand to Authentic Brands Group for $1.2-$1.5 billion, focusing on debt reduction and long-term success. [ more ]