November 11, 20240 Comments

Treasury should have told us about £9.5bn overspend by law

Getty Images The OBR said the last government did not provide them with all available information at former chancellor Jeremy Hunt’s last Budget The Treasury should have disclosed a £9.5bn overspend in the public finances in the run-up to the previous government’s Spring Budget “under the law”, the UK’s budget watchdog has said. Richard Hughes, chair of the Office for Budget Responsibility (OBR), told a committee of MPs on Tuesday

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