As Labour frustration grows, could OBR forecasts be cut to once a year?
Figures in No 10 feel the Office for Budget Responsibility’s twice-yearly reports undermine Rachel Reeves’ plan to scrap the spring statementWhen 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...
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...
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