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Nigel Farage giving 'serious thought' to scrapping OBR if Reform wins next general election
Nigel Farage claims the Office for Budget Responsibility limits policymaker independence and questions its usefulness, proposing its removal if Reform UK wins the next election.
- Considering Reform UK leader Nigel Farage, who said he is giving that very serious thought to scrapping the Office for Budget Responsibility if Reform wins the next general election, asking `is the OBR serving any useful purpose?`
- The OBR was created in 2010 to produce five-year forecasts published twice yearly alongside the budget and spring statement, but it faced criticism over accuracy and influence and a leak at last year's budget led to Richard Hughes's resignation.
- Mr Farage argued the OBR's five-year forecasts `distort policy` and leave chancellors `beholden to it rather than doing their own thinking`, describing it as a Blairite-style quango and declining to say who would provide forecasts if scrapped.
- Responding from the Treasury, Mr Murray warned of `fiscal recklessness` and said Mr Farage would `hammer the British economy with a Liz Truss plan on steroids`.
- Before the OBR existed, forecasts came from the Treasury and were accused of bias, while former prime minister Liz Truss declined OBR analysis of her 2022 mini-budget, sparking market and political critics' backlash.
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Nigel Farage admits giving ‘serious thought’ to scrapping OBR as Reform UK eye major shake-up of fiscal rulebook
Nigel Farage has admitted he is giving "very serious thought" to scrapping the Office of Budget Responsibility (OBR) should Reform UK win the next General Election
·London, United Kingdom
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Coverage Details
Total News Sources7
Leaning Left1Leaning Right3Center1Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
L 20%
C 20%
R 60%
Factuality
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