LABOUR CONFERENCE: Spending watchdog 'can check Labour'
Labour is to open up its election pledges to scrutiny by a spending watchdog set up by George Osborne in its battle to convince voters that it has economic "iron discipline". Ed Balls will tell activists today that he needs to be "straight" with the country about the tough choices the party would have to take in office. In a push to boost the party's fiscal credibility, the shadow chancellor intends to ask the Office for Budget Responsibility (OBR) to independently review the costings of every spending and tax commitment in its manifesto.
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