Treasury ‘putting the squeeze’ on OBR over Labour growth plans amid tensions over downgrade - short news
Rachel Reeves may have to find up to £30bn in tax rises or spending cuts if forecaster revisits expectations
Treasury policymakers frustrated by the politically damaging timing of a downgrade to UK productivity forecasts by the Office for Budget Responsibility (OBR) are pressing the watchdog to score the benefits of Labour’s pro-growth plans.
Rachel Reeves faces the prospect of having to find up to £30bn in tax rises or spending cuts in her 26 November budget if, as..
source: The Guardian - 26.09.2025