Shadow Treasury secretary asks Office for Budget Responsibility to examine Rishi Sunak’s emergency cost of living measures

Labour has called for an independent assessment of whether Rishi Sunak’s £21bn cost of living emergency package could cause inflation to rise even higher and a verdict on the fiscal impact of substantial borrowing.

Pat McFadden, shadow chief secretary to the Treasury, wrote to the Office for Budget Responsibility (OBR) to ask it to analyse the impact of the measures.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Skin cancer death rates for men in UK have tripled since 1970s

Men 69% more likely to die from melanoma than women, says Cancer…

Russia-Ukraine war live: ‘Medal ceremony’ deaths of Ukraine soldiers spark criminal inquiry; missile strike on Black Sea Fleet

Tragedy strikes 128th Mountain Assault Brigade in Zaporizhzhia; Ukraine attacks Kerch shipyard…

These Tories are heading for oblivion, and no amount of U-turns can change that | Polly Toynbee

Kwarteng and Truss are scrambling, but on everything from the 45p tax…

‘Balm for the soul’: my beloved, blissful walk in the Forest of Bowland

This magical place is a history-imbued, gives-you-goosebumps expanse of fells, moors and…