Duck testing the Spring Forecast

Duck testing the Spring Forecast

When is a Chancellor statement to the House of Commons a “major fiscal event”? The latest iteration of the Charter for Budget Responsibility says that: To support economic stability, the government is committed to the principle of holding one major fiscal event a year, unless in the case of an economic shock Definitions of what might constitute an economic shock for these purposes are thin on the ground, which is of course unsurprising – as we w…