Advisers have collectively condemned the Office for Budget Responsibility’s (OBR) accidental pre-Budget publication, describing the leak as “disappointing” and raising wider concerns about competence, data security and trust in the Budget process.
The OBR's full post-Budget forecast was released hours before chancellor Rachel Reeves stood up in the Commons on Wednesday (26 November), revealing key measures including the cap on salary sacrifice pension contributions, extended freezes on income tax thresholds and further employer national insurance (NI) freezes. ‘Pretty disappointing' Five Wealth Chartered financial planner Liz Colfer told Professional Adviser that the leak summed up the loss of impact around Budget announcements. "Pretty disappointing, and I actually felt for the chancellor seeing her receive the news whilst sat ...
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