Spending on projects early could lead to higher costs in the end – OBR chief

Chancellor Rachel Reeves announced £40 billion of additional taxes in her Budget (Jordan Pettitt/PA) - (PA Wire)

Injecting cash into Government projects early on rather than spreading it out over a longer period could “possibly” mean that they cost more in the long run, the head of the Budget watchdog has suggested.

Richard Hughes, the chair of the Office for Budget Responsibility (OBR) told a cross-party committee of MPs on Tuesday that “front loading” on spending means that “quite possibly” projects could cost more in the end.