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BBCNEWS BBC News June 4, 2024 09:19:00

Are taking place today? i suspect the discussions will revolve around what they want the 0br to produce over the coming weeks. originally the government had said it didn t want a full 0br forecast to be published until all the other elements were in place alongside its november 23rd full fiscal statement. that would be the perfectly reasonable stance to take if they haven t announced the permanent reductions in taxes ....

Making A Change Isn T , November 23rd Full Fiscal Statement , November 23rd , Haven T ,

BBCNEWS BBC News June 4, 2024 10:10:00

Been undermined is not the 0br but the government s credibility, frankly. the government has made several missteps. it s notjust the contents of last week s fiscal event, but also the apparent downplaying, degrading of the surrounding institutional context. and then finally, obviously not publishing last week was treated badly by the markets. ....

Making A Change Isn T ,

BBCNEWS BBC News June 4, 2024 09:14:00

Credibility to the government s fiscal and economic strategy. so independence gives credibility. do you think the 0br in this instance has been undermined at all by the decision of the prime minister and chancellor not to use its most recent forecast and the existence of that wasn t officially confirmed on the record until yesterday? or does it actually emerge in a stronger position from this because of the meeting happening today? i think the thing that has been undermined is not the 0br but the government s credibility, frankly. the government has made several missteps. it s notjust the contents of last week s fiscal event, but also the apparent downplaying and degrading of the surrounding institutional contexts, so there has been rubbishing ....

Making A Change Isn T , Wasn T , Prime Minister ,

BBCNEWS BBC News June 4, 2024 09:25:00

Particularly market driven elements. i think under those circumstances it is very difficult because you have to take quick decisions and go into internal meetings with lots of discussions between the treasury and number ten and so on. i think there is a key point here, which is that government has got to be really forward leaning when it comes to providing reassurance and explaining things in a way that people can grasp and understand. explaining things and doing things that soothe the market and calm things down. those things can be done. my hope as i said earlier is that this meeting with the 0br is some early evidence that the government is perhaps about to do something that will reset the view of the government s economic policy in the eyes of the markets. as i reflected with charles bean, unless we get a fairly frank readout of what the discussions are today, the fact that the meeting is happening in itself doesn t really ....

The Treasury , Making A Change Isn T , Charles Bean ,

BBCNEWS BBC News June 4, 2024 09:22:00

Hitting $1.12 this morning, returning to the same level the currency was at before the mini budget a week ago today. joining me now is the conservative mp and chairman of the treasury committee, mel stride. thank you forjoining us today. how confident are you this meeting with the 0br will help steady nerves further? i the obr will help steady nerves further? ~ , ., ., ., the obr will help steady nerves further? ~ , ., , further? i think it is a good sign because it further? i think it is a good sign because it shows further? i think it is a good sign because it shows the further? i think it is a good sign i because it shows the government further? i think it is a good sign - because it shows the government is clearly recognising now that something needs to be done about the credibility of the proposals they have come forward with, those announced last friday by the chancellor, and a recognition of the importance of the independent forecasting body, the office for budget responsi ....

Mel Stride , Mini Budget A Week , Treasury Committee , H1 12 , Making A Change Isn T , Wasn T , Office For Budget Responsibility , 23rd Of November ,