The party has vowed to strengthen the role of the Office for Budget Responsibility by giving it the power to independently publish its own impact assessments of any major tax and spending changes.
It said families and businesses are"still paying the price" for her"crashing the economy" - with households coming off fixed rate mortgages paying an average of £220 more a month and inflation forecast to be the highest in the G7.Advertisement
Ensuring that in the event of an emergency where changes must be introduced at speed and a forecast cannot be produced in time, the OBR would be allowed to set a date for when it can publish its forecast James Murray, Labour's shadow financial secretary to the Treasury, told Sky News this morning it was"absolutely crucial to legislate because we all remember what happened a year ago".
Speaking ahead of a visit with the Labour leader to the London Stock Exchange on Friday, the shadow chancellor said:"The economic damage done by the Conservatives' mini-budget was nothing short of disastrous and Britain is still paying the price, with higher mortgages, higher energy bills and higher prices in the shops.
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