Don’t blame the OBR for Britain’s economic woes

The Office for Budget Responsibility has been accused of micromanaging government policy.

But the fault lies not with the OBR , or even the fiscal rules, but with the Chancellor herself.

The current fiscal rules are already loose, and the current fiscal policy is too tight.

We cannot just wish away our predicament without taxing more without taxing less.

It is not the case that the OBR is all powerful; it is merely the institution that reminds us of our fiscal realities. You can scrap the OBR , but the realities will remain the same..