#obr

#obr

An inquiry into the role of the UK government's economic forecaster is being launched by a group of MPs, after the body came under intense scrutiny in the run-up to the Budget. The Treasury Committee will examine the Office for Budget Responsibility's (OBR) first 15 years and consider potential reforms, including any improvements or changes to its remit. The inquiry comes after questions over the OBR's influence were raised ahead of the Budget.

The Office for Budget Responsibility (OBR) has cast doubt on claims Rachel Reeves dropped plans to raise income tax in this week's budget because of rosier forecasts, pointing out she knew about these well before the change of heart. In a move likely to exacerbate tensions with the Treasury, the OBR chair, Richard Hughes, has taken what he acknowledged was the unusual step of writing to the Treasury select committee to explain how its forecast evolved, given the circumstances in this case.