World · Morning Star · · 2h
MPs dismiss union demands for OBR review
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‘The world has moved on from the self-defeating logic of austerity, but the OBR models still bake in its false assumptions,’ TUC leader Paul Nowak has said
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The cross-party group of MPs said that the Office for Budget Responsibility’s (OBR) “voice must be protected rather than castigated.”
Last month, before his appointment by the Chancellor to the Bank of England’s board, TUC general secretary Paul Nowak described the OBR as a “millstone preventing good growth across the country,” adding: “The world has moved on from the self-defeating logic of austerity, but the OBR models still bake in its false assumptions.”
Louise Haigh called for an overhaul of the organisation before she became PM Andy Burnham’s de-facto deputy.
The treasury committee concluded that calls for reform are often fuelled by the desire for additional spending capacity, describing this motivation as “a poor substitute for having a coherent economic policy and the courage to make tough decisions with public money.”
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Source: Morning Star