Spending cash earlier could lead to higher costs in the end - OBR
Manchester Evening News|November 06, 2024
INJECTING cash into government projects early on rather than spreading it out over a longer period could "possibly" mean that they cost more in the long run, the head of the Budget watchdog has suggested.
Spending cash earlier could lead to higher costs in the end - OBR

Richard Hughes, the chair of the Office for Budget Responsibility (OBR) told a cross-party committee of MPs yesterday that "front-loading" on spending means that "quite possibly" projects could cost more in the end.

Mr Hughes also said the pressure the OBR believes could be put on the labour market and other elements by the Government's plans contributed to them predicting higher inflation.

Mr Hughes was speaking to the Treasury Committee less than a week after Rachel Reeves delivered her first Budget as Chancellor.

Last Wednesday, Ms Reeves announced £40bn a year in extra taxes, with money being poured into schools, hospitals, transport and housing.

هذه القصة مأخوذة من طبعة November 06, 2024 من Manchester Evening News.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 06, 2024 من Manchester Evening News.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MANCHESTER EVENING NEWS مشاهدة الكل
Confident signs from new coach
Manchester Evening News

Confident signs from new coach

UNITED'S new head coach Ruben Amorim has the self-confidence which will make him a success at Old Trafford, according to a body language expert.

time-read
1 min  |
November 23, 2024
Amorim: Reds revival is not 'impossible job'
Manchester Evening News

Amorim: Reds revival is not 'impossible job'

RUBEN Amorim insists he is 'the right man at the right time' to take over as the head coach of Manchester United.

time-read
3 mins  |
November 23, 2024
Jose said it's a lovely club, a big club, with lovely people
Manchester Evening News

Jose said it's a lovely club, a big club, with lovely people

NEW BOSS REVEALS MOURINHO SENT HIM MESSAGE ABOUT UNITED

time-read
2 mins  |
November 23, 2024
Guardiola contract decision made for avoidance of doubt
Manchester Evening News

Guardiola contract decision made for avoidance of doubt

PEP Guardiola chose to sign a two-year deal at Manchester City to avoid any uncertainty next season.

time-read
1 min  |
November 23, 2024
Pep stands firm on legal battles
Manchester Evening News

Pep stands firm on legal battles

PEP GUARDIOLA said nothing in his mind had changed about the Premier League charges that City face.

time-read
1 min  |
November 23, 2024
Pep's request to postpone first games of season denied
Manchester Evening News

Pep's request to postpone first games of season denied

PEP GUARDIOLA has had a request denied which he fears will have an impact on City.

time-read
2 mins  |
November 23, 2024
Pep hit by Kovacic injury blow
Manchester Evening News

Pep hit by Kovacic injury blow

MIDFIELDER RULED OUT FOR FEW WEEKS

time-read
2 mins  |
November 23, 2024
All eyes on Hamilton in Las Vegas
Manchester Evening News

All eyes on Hamilton in Las Vegas

Lewis Hamilton bounced back from his Brazil horror show to complete an impressive practice double at the Las Vegas Grand Prix.

time-read
1 min  |
November 23, 2024
Curry's a hot pick for Japanese test
Manchester Evening News

Curry's a hot pick for Japanese test

TOM Curry will start England's meeting with Japan at Allianz Stadium tomorrow, just two weeks after he was knocked out against Australia.

time-read
1 min  |
November 23, 2024
'We will never forget you'
Manchester Evening News

'We will never forget you'

THE family of Harshita Brella say they will 'never forget you till our last breath' in a tribute released to the 24-year-old.

time-read
1 min  |
November 23, 2024