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In a dramatic downgrading of its previous forecasts, the Office for Budget Responsibility (OBR) estimated that next year's North Sea oil tax receipts would fall to just £700m – less than 0.05% of UK GDP, and then fall further to just £600m in 2016-17.
Similar(59)
A dramatic downgrade of U.S. economic growth in the first quarter revealed the economy's lingering weakness, exposed the folly of Washington's austerity obsession and slapped the Federal Reserve's newfound optimism right in the face.
Jason Altmire and his fellow Democrats' addiction to big government spending has led to a downgrade of America's credit rating and a dramatic loss in the global markets that could force you to pay more for everyday expenses.
The design strategy is to downgrade the infill reaction inside the structural frame thanks to a dramatic reduction of the masonry in-plane stiffness.
A dramatic criticism.
A dramatic rock windup.
"It has a dramatic beginning.
And as a dramatic endeavor?
It was a dramatic sojourn.
Then came a dramatic pause.
A DRAMATIC day in Sarajevo.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com