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…
Source link : https://www.theguardian.com/business/2025/apr/18/as-labour-frustration-grows-could-obr-forecasts-be-cut-to-once-a-year
Author : Jessica Elgot Deputy political editor and Richard Partington
Publish date : 2025-04-18 08:00:00
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As Labour frustration grows, could OBR forecasts be cut to once a year?
