The Treasury Committee is urging the government to provide assurance that it is not “flying blind” into a potential emergency budget in September, which is expected to include substantial tax cuts and significant new expenditure.
In a letter sent to Chancellor Nadhim Zahawi yesterday (23 August), Treasury Committee chair Mel Stride asked whether it is working with the Office for Budget Responsibility on a forecast to be published with any potential emergency budget that may be announced. "As a committee, we expect the Treasury to be supporting and enabling the OBR to publish an independent forecast at the time of any significant fiscal event, especially where, unlike other recent fiscal interventions, this might include significant permanent tax cuts," said Stride. "Whether such an event is actually called a...
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