PRIOR CONVICTION
Matt Prior
The inadvertent early release of last month’s Autumn Budget details by the Office for Budget Responsibility (OBR) – which compelled its boss to resign – was apparently not the only error the UK’s fiscal watchdog made at the time.
When the OBR predicted that the upcoming pay-per-mile tax on EVs would reduce demand for them by 440,000 between now and 2031, it initially said the existing Electric Car Grant, plus raising the threshold of the Expensive Car Supplement (of £2370, spread over five years) from £40,000 to £50,000 for EVs, would offset that number by only 130,000. But within a few hours, it amended that to 320,000.