Sir Keir Starmer wants to give the official fiscal watchdog the power to publish forecasts independently.
Shadow chancellor Rachel Reeves said a Labour government would ensure the Office for Budget Responsibility is not ‘gagged’
Ms Reeves told BBC Radio 4’s Today programme on Friday: “I’m saying that we won’t allow that to happen again because the OBR will not be gagged. He and his shadow chancellor announced the plan, if they win a general election, ahead of the first anniversary of Ms Truss and her chancellor Kwasi Kwarteng’s £45 billion spree of unfunded tax cuts.
Labour also said it would set out a fixed timetable for annual autumn budgets, followed by a spring update in early March, to give families and businesses time to prepare for changes ahead of the new tax year. The Labour plans would allow for changes to be introduced without forecasts in the case of an emergency, but the OBR would be allowed to set a date to publish its work.
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