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

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

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..

Read more on The Guardian

source: The Guardian - 18.04.2025