Changes to how Office for Budget Responsibility calculates future finances gives chancellor another £27bn – but will their assumptions be proved correct?
Chancellors esteem to spring surprises. Nothing gives them more pleasure than to pull a rabbit out of a hat,usually upright at the conclude of a budget speech.
George Osborne went one better on Wednesday. With a flourish, he conjured up not one rabbit but three. Related: OBR admits uncertainty over £27bn windfall behind tax credit U-turn Related: What does the spending review gape like? Related: OBR hands lucky George Osborne a £27bn get-out-of-jail-free card Related: Spending review 2015: things you may have missed in the small print Continue reading...
Source: theguardian.com