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Updated charter for budget responsibility

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HM Treasury has published its draft updated ‘charter for budget responsibility’, which includes the new fiscal mandate for the period until 2020/21 and changes regarding the operation of the welfare cap following Autumn Statement 2016. The charter also sets out the remit of the Office for Budget Responsibility. The updated charter is due to be debated by parliament after the Christmas recess. See http://bit.ly/2g3KUq6.

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