The Guardian Business EN

OBR a backseat driver with out-of-date maps, thinktanks tell Rachel Reeves

Chancellor urged to reform Office for Budget Responsibility to open way to more public investmentRachel Reeves must reform the Office for Budget Responsibility (OBR) to open the way to more public investment, an alliance of thinktanks has argued ahead of the chancellor’s spring forecast on Tuesday.With Keir Starmer’s government under intense pressure after Labour’s defeat by the Greens in Thursday’s Gorton and Denton byelection, the thinktanks called on Reeves to review the watchdog’s remit. Continue reading...

Mar 01, 2026 &03000101202631; 20:00 UTC www.theguardian.com

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Neutral impact

Sentiment score: 0/100

Moderate impact Short-term (days)

WHAT THIS MEANS

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AI CONFIDENCE

60% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

⇅

British Pound / US Dollar

GBPUSDCurrency

High volatility expected

Fiscal policy uncertainty may lead to currency fluctuations.

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Euro Stoxx 50

^STOXX50EIndex

High volatility expected

UK economic policy changes could impact European market sentiment.

PRICE HISTORY

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⚡ SUGGESTED ACTION

Watch for announcements from the UK Chancellor's spring forecast; be cautious with GBP-related trades due to potential volatility.

KEY SIGNALS

OBR reform urgedIncreased public investment potentialPolitical pressure from byelection

SECTORS INVOLVED

GovernmentInfrastructure

Analysis generated on Mar 01, 2026 at 20:17 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by The Guardian Business. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

OBR a backseat driver with out-of-date maps, thinktanks tell Rachel Reeves

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