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The UK’s new Labour government pledged Wednesday to ensure all major budget decisions are subject to ‘independent assessment’, after Conservative prime minister Liz Truss’s unverified September 2022 mini-budget sparked economic turmoil.
The government ‘will legislate to ensure that all significant tax and spending changes are subject to an independent assessment by the Office for Budget Responsibility,’ head of state King Charles III said as he outlined the government’s imminent plans.
source: AFP
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