Exclusive: OBR Calculations Suggest Reeves Set for Borrowing Spree

Exclusive: OBR calculations suggest Reeves set for borrowing spree

The Office for Budget Responsibility’s own calculations on the impact of a war in the Middle East suggest that Rachel Reeves is set to oversee a surge in borrowing, City AM has found.  Sir Keir Starmer and Reeves have said that the government’s focus on “stability” has added ...

OBR calculations suggest Reeves set for borrowing spree

The Office for Budget Responsibility’s own calculations on the impact of a war in the Middle East suggest that Rachel Reeves is set to oversee a surge in borrowing, City AM has found.  Sir Keir Starmer and Reeves have said that the government’s focus on “stability” has added protections to public finances and helped the UK economy suffer less severe effects from the war.  But the OBR’s own estimates, which determine whether Reeves has met her fi…