Published 1 month ago

Bill aimed at preventing another Liz Truss mini-budget passes the Commons

Summary by The London Economic

Legislation that will ensure the Government consults a watchdog before making major tax and spending changes has cleared the Commons. The Budget Responsibility Bill aims to create a “fiscal lock” to ensure such policies are subject to an assessment by the independent Office for Budget Responsibility (OBR). Treasury chief secretary Darren Jones said that “every fiscally-significant change to tax and spending will be subject to scrutiny by the ind…

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Bill aimed at preventing another Liz Truss mini-budget passes the Commons

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