US EditionPublished • loading... • Updated
Jenrick: I’ll back OBR but there’ll be no more cosy consensus
Reform UK plans to reform the Office for Budget Responsibility and prioritize low inflation at the Bank of England while removing net-zero transition duties, says Robert Jenrick.
- In his first major outing for Reform UK, Mr Jenrick told a City of London audience that he will not abolish the OBR but `reform` it, and said the Bank would remain independent.
- With concerns about net zero, Mr Jenrick said the OBR's creation aimed to instil fiscal discipline, which he endorses, and he described net zero efforts as a `distraction`.
- He proposed running competitions to recruit `superforecasters` and to pay competitive salaries, and vowed to `break up this cosy consensus` at the Office for Budget Responsibility.
Insights by Ground AI
12 Articles
12 Articles
UK's Reform floats change for the Bank of England and budget office
Britain's right-wing Reform UK party said it would revamp the Bank of England and the country's budget arbiter as it seeks to balance promises of change to voters with reassurances to investors that it will not unleash economic turmoil if elected.
·United Kingdom
Read Full Article
Politics LIVE: Robert Jenrick set to reveal plans for major Bank of England changes in first speech as Reform Shadow Chancellor
Robert Jenrick will today deliver a keynote speech to set out Reform UK's plan for the Office for Budget Responsibility and the Bank of England
·London, United Kingdom
Read Full Article
Coverage Details
Total News Sources12
Leaning Left5Leaning Right3Center4Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 33%
R 25%
Factuality
To view factuality data please Upgrade to Premium
