Article 6WQ3E As Labour frustration grows, could OBR forecasts be cut to once a year?

As Labour frustration grows, could OBR forecasts be cut to once a year?

by
Jessica Elgot Deputy political editor and Richard
from Economics | The Guardian on (#6WQ3E)

Figures in No 10 feel the Office for Budget Responsibility's twice-yearly reports undermine Rachel Reeves' plan to scrap the spring statement

When Labour was riding high in opposition, the Office for Budget Responsibility was a near sacrosanct institution. Its manifesto pledged Labour would never sideline the OBR for political convenience".

But emerging from a punishing spring statement, inside No 10 the former devotees have turned sceptics. The fiscal rules remain untouchable - despite Labour MPs' grumbles - but there is intense frustration at the institution that marks the government's homework.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments