Statement: Mini-Budget
“The Chancellor said ‘not all of this is going to happen overnight,’ but it appears it is going to happen in darkness.”
In response to the Chancellor’s ‘fiscal event’ on Friday 23rd September, the Chair of the UK Open Government Network, Kevin Keith, said:
“There was nothing ‘mini’ about this so-called ‘mini-budget.’ It was the biggest tax cut in half a century with borrowing on an extraordinary scale.”
“It is shocking therefore, that such an announcement was not accompanied by any independent forecasts or analysis.”
“Sums, yet no evidence of working out. Tens of billions of pounds of tax changes and borrowing without transparency.”
“This is despite a request from the Chair of the Treasury Committee, alongside confirmation that a baseline forecast from the Office of Budget Responsibility (OBR) does exist.”
“The Chancellor said ‘not all of this is going to happen overnight’ but it appears it is going to happen in darkness.”
“The OBR forecast must be published immediately.”
ENDS