This bill requires the Treasury to commission independent Office for Budget Responsibility assessments before announcing major tax or spending measures, ensuring taxpayers get expert scrutiny of fiscal announcements.
A Bill to impose duties on the Treasury and the Office for Budget Responsibility in respect of the announcement of fiscally significant measures.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Rachel Reeves, Lord Livermore
Introduced: 2024-07-18
Royal Assent: 2024-09-10