OBR complained to Treasury before budget about leaks spreading ‘misconceptions’
NegativeFinancial Markets
- The Office for Budget Responsibility (OBR) raised concerns with senior Treasury officials regarding leaks that misrepresented its forecasts ahead of the recent budget announcement. Prof. David Miles, a member of the OBR's budget responsibility committee, highlighted that these leaks were unhelpful and could mislead public perception.
- This situation underscores the OBR's critical role in shaping fiscal policy and public understanding of economic forecasts, as any misinformation can significantly impact market confidence and government credibility.
- The incident reflects ongoing tensions between the OBR and the Treasury, with critics questioning the OBR's influence on economic growth and fiscal flexibility, while recent budget measures have sparked debates about transparency and accountability in government financial communications.
— via World Pulse Now AI Editorial System
