Charlie Bean says slim margin of £10bn means chancellor ‘has to neurotically fine-tune taxes to control OBR forecast’
The former Bank of England deputy governor Charlie Bean has urged Rachel Reeves to create much wider headroom against her fiscal rules – a decision likely to require significant tax rises or spending cuts.
Bean suggested that the current slim margin of less than £10bn, had led the chancellor to “fine-tune” the government’s tax and spending plans to meet the Office for Budget Responsibility’s (OBR) forecasts five years ahead.
Continue reading…Charlie Bean says slim margin of £10bn means chancellor ‘has to neurotically fine-tune taxes to control OBR forecast’Business live – latest updatesThe former Bank of England deputy governor Charlie Bean has urged Rachel Reeves to create much wider headroom against her fiscal rules – a decision likely to require significant tax rises or spending cuts.Bean suggested that the current slim margin of less than £10bn, had led the chancellor to “fine-tune” the government’s tax and spending plans to meet the Office for Budget Responsibility’s (OBR) forecasts five years ahead. Continue reading…
