Chancellor has very little headroom within her fiscal rules but is keen to keep the Office for Budget Responsibility on side
When Rachel Reeves made her speech as shadow chancellor to Labour’s annual party conference two years ago it was one of the more niche announcements that drew a cheer from the audience.
Strengthening the role of the Office for Budget Responsibility might have sounded like a dry measure to unveil to the party faithful. But, after the Liz Truss debacle, handing the Treasury watchdog more powers went down a storm in Liverpool.
