OBR's Window Shift Saves Chancellor £1.7B
Update: 2025-11-14
Description
On November fourteenth, a significant financial adjustment provided a £1.7 billion boost to the Chancellors budget plans. The Office for Budget Responsibility (OBR) changed its forecast window, allowing it to factor in a drop in government borrowing costs. This decision, following reports of the Chancellor backing away from income tax plans, saved the Chancellor around £1.7 billion. Despite denials of political pressure, the timing has raised questions about the OBRs independence.
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