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Budget Responsibility Act brought into force

The Budget Responsibility Act 2024 (Commencement) Regulations SI 2024/1026 bring section 1 of the Budget Responsibility Act 2024 into force on 15 October 2024. Section 1 of the Act is the only substantive provision and requires requiring the Treasury to commission an economic and fiscal forecast from the Office for Budget Responsibility ahead of a minister making significant fiscal announcements to the House of Commons.

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