Home Business news UK budget watchdog in danger of strangling economic growth, says TUC boss

UK budget watchdog in danger of strangling economic growth, says TUC boss

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Paul Nowak says OBR should be modernised to ditch ‘hardwired’ support for austerity economics

Britain’s budget watchdog is in danger of strangling growth and should be modernised to ditch its “hardwired” support for austerity economics, the Trades Union Congress has warned.

Less than two weeks before Rachel Reeves’s autumn budget, the trade union umbrella group said the Office for Budget Responsibility (OBR) was at risk of being a “straitjacket” on growth in living standards.

Continue reading…Paul Nowak says OBR should be modernised to ditch ‘hardwired’ support for austerity economicsBritain’s budget watchdog is in danger of strangling growth and should be modernised to ditch its “hardwired” support for austerity economics, the Trades Union Congress has warned.Less than two weeks before Rachel Reeves’s autumn budget, the trade union umbrella group said the Office for Budget Responsibility (OBR) was at risk of being a “straitjacket” on growth in living standards. Continue reading…