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The proximate cause of all her troubles seems to be the forecasts which will be published by the Office for Budget Responsibility (OBR). According to numerous leaks, the OBR has reduced the rate ...
The OBR released a series of gloomy predictions in recent years claiming that Brexit had stifled growth and wrecked trade.
It was just a few months ago that Sir Keir Starmer criticised the Conservatives for trying to undermine the OBR. Following a row with Jeremy Hunt, the former chancellor, over the autumn Budget and ...
The OBR assesses the health of the UK's economy. It is independent of government but works closely with the Treasury. Its reports are usually released alongside big government events such as the ...
The bizarre nature of our situation can be summarised by a previous contributor, Daniel Susskind, who observed that “the OBR does not actually know what causes growth. In fact, no one does.
Appearing at a parliamentary committee, he said the OBR, which monitors public spending plans, had assumed that "not a single person" would change their behaviour as a result of the government's ...
The intervention by the prime minister is highly unusual given that his administration has been keen to underpin the OBR to bolster its own fiscal credibility. One of its first legislative acts ...