Treasury Select Committee

Inquiry into role of Budget watchdog launched by MPs

It comes after intense scrutiny of the Office for Budget Responsibility in the run-up to the Budget.

The chancellor tells MPs many of the stories leaked to the media were inaccurate and "very damaging".

There is no data on how widely cash is accepted which puts the UK at risk of becoming cashless, a report warns.

The committee is looking into benefits and pitfalls of making accepting cash mandatory.

Coffee shops, trains and leisure centres have been accused of excluding people by no longer accepting cash.

Sanctions were introduced after the Crimea annexation in 2014 and the wider invasion of Ukraine in 2022.

Aggrieved car buyers who feel they were mis-sold a loan should complain to their lender, MPs hear.

The bank's Shareholder Action Group asks the Treasury Select Committee to "right a grave wrong".

The chancellor says scrapping the tax is a long-term aim, Labour says it would create a huge funding gap.

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