Treasury committee defends Office for Budget Responsibility against critics

Summarised from 2 outlets · Updated 24 Sept, 16:26 · Archive

MPs reject calls to fundamentally reform the Office for Budget Responsibility, saying it should not be blamed for consequences of policy decisions.

The Treasury committee has defended the Office for Budget Responsibility against criticism from across the political spectrum, rejecting proposals for fundamental reform. The committee said the independent economic forecaster should not bear responsibility when policymakers must make tough decisions due to constrained public finances. A senior OBR economist has warned that tax rises could affect economic growth and public expectations.

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How it is being reported

OBR chief: Public ‘have not lowered their expectations about what the state can do’City AM · 24 Sept, 16:10
Critics of UK government’s economic forecaster are ‘shooting the messenger’, say MPsThe Guardian · 23 Sept, 06:00

In this story: Office for Budget Responsibility · Treasury committee · David Miles · UK

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