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.
Diese Geschichte stammt aus der November 06, 2024-Ausgabe von The Herald.
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Diese Geschichte stammt aus der November 06, 2024-Ausgabe von The Herald.
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Darts world stunned by the death of Cornish
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Argyle's away day woes continue with another heavy hammering
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Root salutes his mentor Thorpe
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Every LITTLE bit of help can have a HUGE impact
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Halfords reveals predicted impact of Budget measures
THE aftermath of the Labour Government's first Budget continues, with Halfords announcing it expects a £23 million impact due to tax increases.
Liquidators appointed for city architects' firm
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Peer warns of impact of 'dying bill' on courts
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Rod Stewart 'proud' to play Glastonbury legends slot
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Record number of drones target Ukraine - report
RUSSIA launched 188 drones against most regions of Ukraine in a nighttime blitz, the Ukrainian air force said yesterday, describing it as a record number of drones deployed in a single attack.
Woman unable to speak after falling ill on bus
'SO GRATEFUL' TO THOSE WHO HELPED HER
