MPs criticize UK's economic forecast critics

Members of the UK Treasury committee rejected calls for major reform of the Office for Budget Responsibility (OBR), emphasizing its role as an independent forecaster rather than an overreach on government policy. They noted that criticisms of the OBR are misguided and supported considering a 10-year forecast and greater parliamentary debate on fiscal risks. The review followed the resignation of OBR chair Richard Hughes and aimed to safeguard the agency’s independent voice amid ongoing debate over its forecasts and influence on fiscal policy.

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