Today news
About the same in other media
Rachel Reeves to introduce 'fiscal lock' law to strengthen OBR powers
Reading now: 676
investmentweek.co.ukThe new law will enable the OBR to conduct an independent assessment of any significant, permanent tax and spending changes as a measure of 'fiscal lock'. The law also targets announcements over one financial year which make permanent tax or spending commitments above 1% of the UK's GDP, or roughly £30bn. However, emergency and temporary measures lasting up to two years will be exempt from an OBR assessment. This includes examples of prior events, such as the government's response to the Covid-19 pandemic. Labour majority not enough to make UK preferred market over US The plans ...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
US safety agency moves probe of Dodge Journey fire and door lock failure a step closer to a recall abcnews.go.com /3 months ago
UK PM Keir Starmer warns social media firms to uphold law over misinformation economictimes.indiatimes.com /3 months ago
US House resolution introduced on India-US strategic bilateral relationship economictimes.indiatimes.com /3 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
