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The Latest Breaking News from OBR

Labour’s economic illiteracy is dragging us into a doom loop

A debt disaster is looming — and too many backbenchers just don’t understand the grim reality

Evening Standard

Worries about the UK economy are justified, but can the government afford to gamble on raising taxes?

Gloomy economic figures have heaped more pressure on the British government and its promise to improve growth. And if that wasn’t enough, there have also been some stark warnings about public finances and the country’s ability to service its debts.

The Conversation

Rachel Reeves vows to take ‘the boot of regulation off the throat of businesses’ in red tape bonfire

After announcing reforms to the mortgage market, the chancellor hopes to spur economic growth with a bonfire of regulations for the City

The Independent UK

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OBR boss denies forecast drove welfare cut proposals

Richard Hughes, facing the Commons Treasury Committee, rejected the suggestion the Office for Budget Responsibility’s forecast was now driving policy.

Evening Standard

Starmer and Reeves promised honesty about public finances. Can they stay the course?

Labour is being pulled one way by a desire to cut debt and the other by slumping poll ratings. With growth nowhere to be seen, tax rises loom

The Guardian - UK

Rachel Reeves expected to review pensions auto-enrolment

Exclusive: Announcement expected as part of series of changes outlined in chancellor’s Mansion House speech

The Guardian - UK

The six starkest warnings from OBR as report lays bare the perilous state of UK public finances

Here are the most stark warnings in the Office for Budget Responsibility’s report

The Independent UK

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Public finances on ‘unsustainable’ path due to spending promises, says OBR

Richard Hughes told a briefing in Liverpool that the projected rise in state pension spending would contributed to growing UK national debt.

Evening Standard

OBR: Vulnerable UK faces 'daunting' threats to stability of public finances after welfare climbdown

Successive governments’ efforts to put the UK public finances have met with only “limited and temporary success” says watchdog

Evening Standard

UK public finances on ‘unsustainable’ path amid growing climate, debt and pension costs

Office for Budget Responsibility warns national debt on course to hit 270% of GDP by 2070 amid volatility

The Guardian - UK

UK finances in ‘vulnerable’ position after reversed spending cuts, says OBR

The Office for Budget Responsibility said the state finances were facing ‘mounting risks’ in the face of growing debts.

Evening Standard

Starmer’s U-turns leave UK economy ‘vulnerable’ warns OBR

The Office for Budget Responsibility’s warning piles fresh pressure on Rachel Reeves ahead of the autumn Budget

The Independent UK

Rachel Reeves needs wider headroom against fiscal rules, ex-Bank of England deputy says

Charlie Bean says slim margin of £10bn means chancellor ‘has to neurotically fine-tune taxes to control OBR forecast’

The Guardian - UK

Where does the welfare bill climbdown leave UK public finances?

With £6.25bn in planned savings now shelved, the government faces awkward choices on how to plug gap

The Guardian - UK

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The Guardian - UK

Rachel Reeves must rethink how tax and spend decisions are made after welfare U-turn

Binary rules and twice-yearly OBR forecasts have turned chancellor’s moves into grim spectator sport

The Guardian - UK

Reeves expected to freeze income tax thresholds to raise funds after welfare U-turn

Government’s concessions over welfare cuts leave chancellor with a growing hole in her budget

Evening Standard

What does the UK spend on welfare – and how much will it rise?

Spending on pensioners accounts for nearly half of the total welfare budget.

The Independent UK

Everything you need to know about Labour’s welfare reform U-turn

Ministers will be hoping two key changes will be enough to keep wavering MPs on side

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The Guardian - UK

Bank governor wades into row over Reeves’ focus on fiscal rule forecasts

Andrew Bailey says OBR projections – which the chancellor uses to calculate headroom – shouldn’t be ‘over-interpreted’

Evening Standard

Liz Kendall says welfare reforms will create ‘a better future’

The Work and Pensions Secretary’s appearance at a Parliamentary Labour Party meeting came amid warnings from MPs about her welfare reforms’ impact.

Evening Standard

Welfare reforms will lead to ‘appalling poverty’ – Labour MP

Andy McDonald asked for further evidence on how many people will lose out on Personal Independence Payments (Pip) as a result of welfare reforms.

The Guardian - UK

Reeves may need to raise taxes by £20bn in autumn after UK borrowing rises

May figure second highest for month on record amid fears chancellor is struggling to keep within spending rules

The Independent UK

Mapped: The worst-hit areas for PIP cuts as more than 1.3m could lose support under Labour’s plans

Some of the UK’s most deprived areas stand to lose out the most, new data reveals

The Guardian - UK

Reeves braced for OBR forecasts to blow £20bn hole in tax and spending plans

Downgrades by Treasury watchdog could force chancellor to raise taxes or cut spending at budget to meet fiscal rules

The Guardian - UK

Does Labour’s spending review signal a return to austerity?

Rachel Reeves is increasing overall budgets after deep Tory cuts, but some departments face bigger spending cuts than others

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