UK's OBR accuses Treasury of hiding £9.5 billion shortfall, prompting calls for investigation.
The UK's Office for Budget Responsibility (OBR) is implementing a "trust but verify" strategy after accusing Treasury officials of withholding crucial information about a £9.5 billion funding shortfall before the March budget. This undisclosed shortfall may have impacted economic forecasts. OBR Chair Richard Hughes noted a failure in transparency, prompting the Treasury Committee, led by Meg Hillier, to consider investigating possible legal breaches related to the oversight.
5 months ago
26 Articles
Articles
Further Reading
You have 12 free stories remaining this month. Subscribe anytime for unlimited access.