office for budget responsibility, Tag
In other words, that figure of £573 bn above is probably only a third of the true cost to the public sector. Meanwhile, as already noted, the private sector will also have to pay out much more in the quest for Net Zero.
Worryingly, gilt yields are rising again and another potential cliff-edge moment comes on Friday
This blog is now closed. You can read our full report on Sunak’s evidence to MP here
Latest updates: chancellor faces Commons Treasury committee amid criticism over his spring statement
Latest updates: chancellor faces Commons Treasury committee amid criticism over his spring statement
Latest updates: warning comes as chancellor is to face Commons Treasury committee this afternoon amid criticism over his spring statement
George Osborne introduces budget measures to help North Sea industry which is forecast to make losses until at least 2021
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