The FT reports George Osborne has scrapped the pre budget report.
It would have been absurd not to this year – he’s doing it, in effect, on 20 October when announcing his plans for cutting spending. Doing it again in November this year would be illogical.
But I am concerned, none the less. The PBR has been useful. It’s allowed a lot of consultations to get going early to ensure better law has resulted. It has given a second chance to snap shot the economy. It has increased transparency.
I’m not sure losing those opportunities is worth any saving in future years.
Sorry, the comment form is closed at this time.