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The Latest Breaking News from OBR

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

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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

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

The Guardian - UK

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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.

Evening Standard

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

The Independent 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’

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

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

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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

The Independent UK

Fact check: 2025 spending review claims

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

The Conversation

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…

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The Guardian - UK

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 Independent 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 Guardian - 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

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

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