Rachel Reeves v the OBR: chancellor aims to loosen the watchdog’s grip - short news
Labour embraced the forecaster’s powerful role, but now finds itself scrambling in the face of gloomy projections
Reeves looks for more headroom in budget to insulate against bond market
For a crew of 50-odd nerds sharing an uninspiring concrete block in Westminster with the Ministry of Justice, the Office for Budget Responsibility has come to wield extraordinary power.
It was the OBR projections of Rachel Reeves’s evaporating headroom that left the..
source: The Guardian - 11.10.2025