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The Guardian - UK
The Guardian - UK
Business
Aubrey Allegretti Political correspondent

Economic watchdog confirms it could scrutinise Truss’s cost of living plans

Liz Truss
If Liz Truss takes office as PM she will have to react quickly to the worsening economic outlook, compounded by sharply rising energy bills after the price cap hike. Photograph: John Sibley/Reuters

Liz Truss has been challenged to open up her prospective emergency tax cuts and spending plans to scrutiny if she becomes prime minister and makes immediate moves to tackle the cost of living crisis.

The Office for Budget Responsibility (OBR), which produces independent forecasts based on major fiscal announcements by the government, revealed preparatory work had been under way for about a month to publish fresh economic forecasts in September.

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