OBR to publish borrowing forecasts despite scrapping of budget

Move follows fears government would unveil pre-election tax cuts without scrutiny

Fresh predictions for borrowing taking account of the sharp deterioration in the public finances since the spring will be published by the government's independent forecasting body early next month it has been announced.

Robert Chote, the chairman of the Office for Budget Responsibility, said that despite Sajid Javid's announcement last week that he was scrapping plans for a budget on 6 November, the OBR would publish new forecasts for the public finances anyway.