A Labour government would ensure the budget watchdog is not 'gagged' by ministers seeking to avoid an official financial forecast on major tax and spending changes, the shadow chancellor has said.
has announced that a Labour government would legislate to ensure the Office for Budget Responsibility can independently publish its own impact assessments.Labour'sThe OBR would have the power to set a publication date for its analysis if the government disregards it.vowed to introduce legislation to ensure that the watchdog has the power to independently publish its own impact assessment.
Labour leader Sir Keir Starmer vowed to introduce legislation to ensure that the watchdog has the power to independently publish its own impact assessment.Labour would also introduce an annual autumn budget process, with only minor policy changes allowed in a spring update. The party says this would give businesses and families more time to prepare for tax changes.£45 billion tax cuts last year, which lacked OBR analysis and spooked markets.
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