As Labour frustration grows, could OBR forecasts be cut to once a year?

The Labour Party is growing frustrated with the Office for Budget Responsibility (OBR) following its forecasts that led to punishing cuts in the spring statement and proposed reductions in disability payments. Key officials are upset because OBR's forecasts differ from Chancellor Rachel Reeves’ estimates, necessitating deeper cuts. Some Labour members want to reform or scrap the OBR due to these issues, but this is politically challenging given its role in maintaining financial market confidence. Senior figures are considering reducing the frequency of OBR forecasts to better align with their fiscal events and minimize political fallout. Abolishing the OBR entirely is seen as infeasible due to potential negative market reactions.