Cabinet
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The Prime Minister’s Spokesman (PMS) said that Sir Alan Budd, the Head of the Office for Budget Responsibility (OBR), attended Cabinet this morning. He gave a presentation on the findings and forecasts of his report, which was published yesterday. The Prime Minister and the Chancellor both stressed the fact that they were very keen to create the OBR in order to ensure that economic policy-making in this country was trusted. Sir Alan Budd said that he thought it had been an excellent start, and described the OBR as a radical innovation.
There was also a discussion on the Budget and the Spending Review process.
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