Quote:
Originally Posted by OLD BOY
The figures will be produced by November, the OBR can rake over the numbers and the public will start to realise that all this fuss was unnecessary and they will live to see another summer.
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Quote:
Originally Posted by OLD BOY
The OBR cannot produce the numbers until the government has set out in detail how the offsetting savings can be made.
I agree with you on the November date, which is what I said.
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The government won't release them
until November 23rd, not
by November which is what you said.
The OBR is not waiting for more information from the government.
Quote:
OBR: we offered to update forecasts in time for 'mini-budget'
The Office of Budget Responsibility has confirmed that it could have produced an economic forecast in time for the “mini-budget”, but was not asked to do so by Kwasi Kwarteng.
It adds further details to ongoing objections that the chancellor’s move, which included £45bn of tax cuts, without a clear economic forecast to back it up.
In a letter to the Scottish National Party’s Westminster leader Ian Blackford and the party’s shadow chancellor Alison Thewliss, the chair of the OBR confirmed that the body sent “a draft economic and fiscal forecast to the new chancellor on 6 September, his first day in office”.
Richard Hughes wrote: “We offered, at the time, to update that forecast to take account of subsequent data and to reflect the economic and fiscal impact of any policies the government announced in time for it to be published alongside the ‘fiscal event’.”
“In the event, we were not commissioned to produce an updated forecast alongside the Chancellor’s Growth Plan on 23 September, although we would have been in a position to do so to a standard that satisfied the legal requirements of the Charter for Budget Responsibility.”
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20.58 29/9/22
https://www.theguardian.com/politics...086bb4a78eb3fd