Union calls for robust review of OBR over fears it holds back economic growth
The TUC accuses the OBR of downplaying the benefits of public investment, for schemes such as Crossrail (above) by assuming it ‘crowds out’ private capital. Photograph: Victoria Jones/PAView image in fullscreenThe TUC accuses the OBR of downplaying the benefits of public investment, for schemes such as Crossrail (above) by assuming it ‘crowds out’ private capital. That’s partly down to the government’s fiscal rules that rightly allow more borrowing for investment.“But the government needs to do more to release the handbrake.
- ▪The TUC accuses the OBR of downplaying the benefits of public investment, for schemes such as Crossrail (above) by assuming it ‘crowds out’ private capital.
- ▪Photograph: Victoria Jones/PAView image in fullscreenThe TUC accuses the OBR of downplaying the benefits of public investment, for schemes such as Crossrail (above) by assuming it ‘crowds out’ private capital.
- ▪That’s partly down to the government’s fiscal rules that rightly allow more borrowing for investment.“But the government needs to do more to release the handbrake.
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| Original publisher | The Guardian — World |
| Canonical URL | https://www.theguardian.com/business/2026/aug/08/tuc-review-obr-investment-economy-business |
| Publication time | Sat, 08 Aug 2026 06:00:38 GMT |
| Retrieval time | 2026-08-08T06:15:41.821Z |
| Last seen | 2026-08-08T06:15:41.821Z |
| Headline source | Publisher (no WeSearch rewrite) |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
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| Cluster | vbf_pn_feagS · 1 stories |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
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| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
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The TUC accuses the OBR of downplaying the benefits of public investment, for schemes such as Crossrail (above) by assuming it ‘crowds out’ private capital. Photograph: Victoria Jones/PAView image in fullscreenThe TUC accuses the OBR of downplaying the benefits of public investment, for schemes such as Crossrail (above) by assuming it ‘crowds out’ private capital. Photograph: Victoria Jones/PAOffice for Budget ResponsibilityUnion calls for robust review of OBR over fears it holds back economic growthTUC will urge John Healey to order ‘root and branch’ assessment of watchdog amid claims its forecasts downplay investment benefitsHeather StewartSat 8 Aug 2026 02.00 EDTSharePrefer the Guardian on GoogleThe TUC is urging the new chancellor, John Healey, to order a “root and branch” review of…
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