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The act 'contains a fiscal lock to ensure that any major future fiscal announcement will be subject to independent assessment'
Rachel Reeves’ Budget Responsibility Act has received the Royal Assent, as the government works to express its “commitment to restoring economic stability”, according to the Treasury.
Having outlined the desire to introduce ‘fiscal lock' legislation in the King's Speech in July this year, the act "contains a fiscal lock to ensure that any major future fiscal announcement will be...
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