Richard Tice, the leader of Reform UK, has called on Labour leader Keir Starmer to submit his party's election pledges to an independent review by the Office for Budget Responsibility (OBR). Tice argues that such a move is essential to ensure fiscal transparency and prevent reckless spending promises.
A Challenge to Labour's Fiscal Plans
Tice emphasised that all major political parties should be held accountable for their financial commitments, particularly in the run-up to a general election. He accused Labour of making grandiose spending promises without providing credible funding mechanisms.
Why OBR Scrutiny Matters
The OBR, an independent fiscal watchdog, assesses the sustainability of government budgets and economic forecasts. Tice insists that Labour's policies—including tax reforms and public spending pledges—must undergo rigorous examination to avoid future economic instability.
Starmer's Response
So far, Keir Starmer has not committed to submitting Labour's manifesto to OBR review. Critics argue that without independent verification, voters cannot fully trust Labour's financial assurances. Tice's challenge adds pressure on Starmer to demonstrate fiscal responsibility.
Political Reactions
While some Conservative MPs have welcomed Tice's proposal, others see it as a strategic move to undermine Labour's credibility. Meanwhile, economic experts warn that unchecked spending pledges could lead to higher taxes or public service cuts down the line.
The debate highlights growing concerns over how political parties fund their promises—and whether voters are getting the full picture ahead of the next election.
