economy United Kingdom
UK Treasury committee supports Office for Budget Responsibility
The Treasury committee rejected calls to fundamentally reform the Office for Budget Responsibility, while recommending consideration of a 10-year economic forecast and more parliamentary debate on fiscal risks.
1 sourceThe GuardianUpdated
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The Treasury committee rejected calls to fundamentally reform the Office for Budget Responsibility.
âThe Treasury committee rejected âsiren calls to fundamentally reformâ the Office for Budget Responsibilityâ
The Treasury committee said the Office for Budget Responsibility should not be blamed for tough decisions caused by tight public finances.
âit should not be blamed when policymakers had to make tough decisions because of tight public financesâ
The committee recommended that ministers consider instructing the Office for Budget Responsibility to adopt a 10-year economic forecast.
âministers should consider instructing the OBR to adopt a 10-year economic forecastâ