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Re: Here comes the tax rises
Letter from the OBR today to the Treasury Select Committee.
tl:dr
- the Office of Budget Responsibility says it was unaware of 2024-25 spending pressures until this week (i.e not when it made its March forecast)
- points out it would be one of biggest in-year overspends on record
- launches review of "adequacy" of what HM Treasury told it before the March Budget...
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