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The Latest Breaking News from David Miles

Keir Starmer to face PMQs amid continued Budget questions

The OECD has warned tax hikes and reduced spending will act as a ‘headwind’ to the UK economy over the next two years.

Evening Standard

OBR chief’s exit may ease pressure on Rachel Reeves but the battle isn’t over

With the row deepening over budget leaks, who is most likely to replace Richard Hughes in the increasingly thankless role of chair?

The Guardian - UK

OBR complained to Treasury before budget about leaks spreading ‘misconceptions’

Official tells MPs there was lots of information appearing in the press that ‘wasn’t particularly helpful’

The Guardian - UK

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OBR confronted Treasury about ‘unhelpful’ policy leaks before Reeves’ Budget

The economy watchdog forced to deny being ‘at war’ with Treasury after row over state of Britain’s public finances

The Independent UK

2 new NASA satellites will track space weather to help keep us safe from solar storms

The new TRACERS mission will track magnetic reconnection that drives particles down into Earth's atmosphere when space weather turns bad.

Space

How might Trump tariffs affect UK business on ‘Liberation Day’?

Analysis: Sweeping changes set to affect the UK and ultimately large parts of the world

The Independent UK

‘Very limited’ tariff war could be ‘mildly positive’ for UK, suggests OBR member

MPs were told there could be a scenario where some things become cheaper in the UK, but most possible outcomes are still ‘negative’.

Evening Standard

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Workers’ rights plans could have ‘negative’ impact, watchdog suggests

The Office for Budget Responsibility said regulations which ‘affect the flexibility of businesses and labour markets’ can have undesirable effects.

Evening Standard

Treasury may have broken law by failing to reveal £9.5bn spend in Tory budget, MPs told

Head of OBR says spending commitment would have ‘materially changed’ its forecast on Jeremy Hunt’s pre-election budget

The Guardian - UK

Firms ‘set to pass on most of higher tax costs to employees through lower wages’

The Office for Budget Responsibility said it assumes that firms will ‘pass on most but not all of their higher tax costs to employees’.

The Independent UK

Inflation and mortgage rates elevated by Chancellor’s spending plans, says OBR

Chancellor Rachel Reeves announced almost £70 billion of extra spending each year in her maiden budget.

The Independent UK

UK mortgage rates rollercoaster is the price to pay for cheap, short-term deals

Borrowers who made a short-term choice after the 2008 banking crisis were lucky – current borrowers have been equally unlucky

The Guardian - UK

Era of ‘massive’ UK house price rises nearing end, says OBR economist

David Miles says working from home, stalling population growth and higher interest rates will shape market

The Guardian - UK

2023 will be a very difficult year, OBR member warns MPs

David Miles said the impact of rising interest rates and inflation will cause pressure next year but they are predicted to turn a corner in 2024.

The Independent UK

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The Guardian - UK

Who’s against Truss and Kwarteng’s growth mania? Anyone with sense

How can the government build, build, build and hit net zero? Or, come to that, keep both the Bank and the OBR on its side?

Daily Record

Savvy dad knocks £625 off energy bill by updating one expensive appliance

Running a large fridge-freezer made up a fifth of his total bill and would have cost over £800 a year from October

Chronicle Live

Dad discovers single electrical appliance was costing him hundreds to run and cost as much as a hot tub

Just one aging appliance was costing the family hundreds in electrical bills

Manchester Evening News

Dad shocked to discover kitchen appliance that ate up FIFTH of his entire electricity bill

David Miles couldn't believe that one appliance was taking up such a huge chunk of energy bill.

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Edinburgh Live

Savvy dad slashes £625 off energy bill by updating one 'guzzling' electrical appliance

Energy bills are sky-rocketing across the UK thanks to inflation rates and the price cap soaring once again - but one savvy dad has worked out how to keep his bills at a low rate.

Daily Mirror

Dad knocks £625 off his energy bill by updating one ‘guzzling’ appliance

One father was surprised to find running his large fridge freezer made up one-fifth of his total energy bills - and would have cost him £832 a year from October

Dublin Live

Clever dad slashes energy bill by replacing one appliance that ‘eats electricity’

He calculated which appliances were guzzling electricity in order to manage his spending

Wales Online

American-style fridge freezer 'ate up' a fifth of electric bill

Good idea to monitor usage of individual appliances

Irish Mirror

Dad slashes €722 off energy bill by updating one appliance that ‘eats electricity’

David Miles, 46, managed to calculate which appliances were guzzling electricity in order to manage his spending

ABC News

Silicon manufacturer may be forced to import coal as jarrah supply, a key input, dwindles

Australia's only silicon manufacturer may be forced to import coal as it struggles to secure a consistent supply of local timber to make its product.

People

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