Figures in No 10 are expressing concerns that the Office for Budget Responsibility’s (OBR) twice-yearly reports undermine Rachel Reeves’ plan to abolish the spring statement. Previously, Labour had pledged to uphold the OBR as a vital institution, but after a challenging spring statement, there is growing skepticism within the party about its role. While Labour MPs are voicing discontent, the fiscal rules remain intact, leading to significant frustration with the OBR, which is seen as judging the government’s fiscal performance.
