The government is relying on Office for Budget Responsibility projections for fiscal planning, with tax policy impacts like fiscal drag affecting pensioners.
Steady: 0 in the last 7 days
Updated oct 9
The latest in this situation
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How it started
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What happened
The government is relying on Office for Budget Responsibility projections for fiscal planning, with tax policy impacts like fiscal drag affecting pensioners.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The government is seeking expert advice from the Office for Budget Responsibility regarding long-term forecasts on public finances and pension spending.Sub-event
Fiscal risks assessed due to spending pressures.1 source
- The Prime Minister announced pension scheme reforms without consultation, noting that the technical report was not tabled in Parliament.Sub-event
- The national budget debate is underway in Dodoma, focusing on fiscal policy for the 2026/2027 fiscal year.Sub-event
- NFU Mutual and the Office for Budget Responsibility analyzed financial trends and tax impacts.Sub-event
- Jonathan Haskel has been chosen to lead the Office for Budget Responsibility.Sub-event
- Rachel Reeves confirmed tax rule changes under Parliament that impact the British vehicle rental industry.Sub-event
- IHT receipts data is being used to inform future projections made by the Office for Budget Responsibility.Sub-event
Show 3 earlier steps
- The National Treasury is working with a minister to tighten financial reforms, while the minister responds to questions in parliament.Sub-event
Government accountability regarding tax burden and reliance on OBR projections is under scrutiny.1 source
OBR released estimates on long-term GDP loss due to Brexit.1 source
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The entities involved
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Office for Budget Responsibility
an advisory non-departmental public body
- The Office for Budget Responsibility (OBR) model has been criticized for mispricing economic growth and omitting shocks.
- Financial pressures mount on the UK government as the Bank of England, Office for Budget Responsibility, and Debt Management Office grapple with bond market issues and fiscal sustainability.
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parliament
legislative body of government