The government argues its tax cuts and supply-side reforms will enhance growth, making the fiscal outlook rosier. The Office for Budget Responsibility is likely to be sceptical
Save time by listening to our audio articles as you multitaskwas set up by George Osborne, a former chancellor, in 2010 to provide detailed economic forecasts, an assessment of whether the government is on track to meet its fiscal targets, and scrutiny of the government’s costings of individual tax and spending measures.
The government argues that these will enhance growth, making the fiscal outlook rosier. Thewill be sceptical. Although the watchdog does give credit to policies backed by solid evidence, where that is lacking it tends to wait and see what effects they have.as strong as it could be. It can neither offer opinions on the merits of government policy, nor ignore policies that the government would struggle to implement, such as deep unspecified cuts to public services.
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