Home Business news What are the UK’s ‘fiscal rules’ and why is the OBR under...

What are the UK’s ‘fiscal rules’ and why is the OBR under attack?

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The Treasury watchdog is seen by some Tories as a block to tax cuts – and could be ignored by Jeremy Hunt

It has been described as a millstone around the chancellor’s neck and the reason Conservative MPs could be disappointed by Jeremy Hunt’s budget on Wednesday if he spurns their demands for large pre-election tax cuts.

After coming under intense criticism during Liz Truss’s premiership, the Office for Budget Responsibility (OBR), the Treasury’s tax and spending watchdog, is once again under fire.

Continue reading…The Treasury watchdog is seen by some Tories as a block to tax cuts – and could be ignored by Jeremy HuntIt has been described as a millstone around the chancellor’s neck and the reason Conservative MPs could be disappointed by Jeremy Hunt’s budget on Wednesday if he spurns their demands for large pre-election tax cuts.After coming under intense criticism during Liz Truss’s premiership, the Office for Budget Responsibility (OBR), the Treasury’s tax and spending watchdog, is once again under fire. Continue reading…