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The Latest Breaking News from OBR

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’

The Guardian - UK

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.

Evening Standard

From analysis to the latest developments in health,
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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 Guardian - 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 Independent 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

The Guardian - UK

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Fact check: 2025 spending review claims

Round-up of fact checks from the 2025 spending review compiled by Full Fact.

The Independent UK

Spending review delivers big boosts for health and defence – but Rachel Reeves is focused on investment

UK chancellor Rachel Reeves has delivered the government’s spending review, setting out its plans and priorities for the next three years. The aim of the review is of course to allocate spending over that time period – but this government is keen for economic growth and so has directed the…

The Conversation

Spending review is a chance for Reeves to paint a more positive picture

Labour has so far struggled to explain its purpose and the need to do so will be all the more pressing if it raises taxes again

The Guardian - UK

Unions pile pressure on Reeves to avoid cuts and impose wealth taxes

Exclusive: The TUC has ratcheted up pressure on the government to introduce wealth taxes amid a growing expectation that the chancellor will unveil a swathe of spending cuts next week

The Independent UK

UK tax rises in the autumn are essential – but who will pay?

Next week’s spring statement is buying time, but the writing is on the wall: Britain is broken, and repairs cost money, says Guardian columnist Larry Elliott

The Guardian - UK

Report casts doubt on Labour’s ability to hit affordable housing target

Exclusive: Chancellor urged to increase funding as study suggests government has overestimated its housebuilding figures for England

The Guardian - UK

Reeves in standoff with ministers over proposed cuts to public services

IMF suggests chancellor could refine fiscal rules, but some fear policing and social housing face spending cuts

The Guardian - UK

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Evening Standard

EU return should have been ‘top of the agenda’ for summit, says SNP

The Prime Minister is expected to announce a deal with the bloc.

The Guardian - UK

UK annual borrowing exceeds forecasts by almost £15bn in blow to Rachel Reeves

Chancellor may be forced to raise taxes or announce deeper public spending cuts, economists say

The Guardian - UK

‘The whole policy is wrong’: rebellion among Labour MPs grows over £5bn benefits cut

Dozens of MPs are angry at their party, despite frantic efforts by whips and government ministers to assuage them

The Guardian - UK

As Labour frustration grows, could OBR forecasts be cut to once a year?

Figures in No 10 feel the Office for Budget Responsibility’s twice-yearly reports undermine Rachel Reeves’ plan to scrap the spring statement

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The Guardian - UK

Britain needs houses, and Labour’s bold plan will address that. But it may require more migrants

Ministers are ready to be relentless over planning reform. There is a skills gap though – and they must be brave enough to fill it, says Guardian columnist Polly Toynbee

The Independent UK

MPs could vote on benefit cuts before knowing full details, Starmer says

Labour says its welfare reforms are designed to help people into work – but MPs might have to take that on faith

Evening Standard

Government will meet target of 1.5m homes, says Rayner after watchdog forecast

A Conservative former minister asked Deputy Prime Minister Angela Rayner to ‘confirm’ the 1.5 million new homes target ‘has gone’.

The Guardian - UK

Rachel Reeves must break her fiscal rules. Better now than later

There is already arguably too little flexibility in the chancellor’s budget plan. Trump’s tariffs chaos makes a rethink inevitable

The Independent UK

True scale of welfare cuts ‘closer to £9bn’, experts warn

Experts warn 100,000 more people plunged into poverty by cuts than government previously estimated

Evening Standard

Fact check: Economic growth is forecast to slow in 2027 and 2028

Growth is not expected to go up in 2027 or 2028, although the economy will continue to grow.

The Independent UK

Extra 400,000 people to be signed off as unfit for work under Labour’s welfare reforms, government admits

Work and Pensions Secretary Liz Kendall has insisted the changes are needed to fix the ‘broken’ system left by the last Conservative government

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