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UK Chancellor of the Exchequer Rachel Reeves risks a confrontation with the head of the government’s fiscal watchdog over plans to scrap her annual spring forecast.
Reeves is debating whether to get rid of the Office for Budget Responsibility’s annual March outlook to strengthen her commitment to holding just a single fiscal event a year and bring greater stability to economic policy making, according to people familiar with the matter. That follows recommendations by the International Monetary Fund and others.