Matthew Lynn Matthew Lynn

Labour will regret handing more power to the OBR

Keir Starmer and shadow chancellor Rachel Reeves (Credit: Getty images)

The Office for Budget Responsibility (OBR) will have to sign off on any changes to taxation. It will need to run its slide rule over any spending plans. And it will be mandated to commission an independent panel of experts to approve the Chancellor’s lunch, checking it for nutritional standards, and competitive pricing. 

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