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Economics | Tax & Spend

Reeves Faces OBR Conflict Over Proposal to Eliminate UK’s Spring Forecast

By Philip Aldrick | September 27, 2025, 8:30 AM UTC

UK Chancellor Rachel Reeves is poised for a potential clash with the head of the Office for Budget Responsibility (OBR) regarding her proposal to eliminate the annual spring economic forecast. This move is part of her strategy to consolidate fiscal events into a single annual occurrence, aiming to enhance stability in economic policymaking.

According to sources familiar with the discussions, Reeves is considering this significant change in response to recommendations from the International Monetary Fund (IMF) and other financial authorities, who have urged the UK government to maintain fiscal discipline to avoid market instability.

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Source: Original