The Office for Budget Responsibility has confirmed that it has started working on a forecast for the UK economy in the event of an emergency budget or fiscal event.
Liz Truss, the current frontrunner to be the next prime minister, said earlier this month that she would hold an emergency budget in September if elected, before backtracking to a ‘fiscal event' instead. Market Movers Blog: Average UK household energy bill to hit £3,549 from October The Treasury Committee asked the OBR earlier this week if it was working on a forecast, which it has now confirmed and said it had begun working on a forecast on 29 July following agreement with the Treasury and it would be published in a potential emergency fiscal event in September. Usually, the T...
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