The Latest Breaking News from OBR

Further tax hikes likely in autumn despite spending cuts, say economists

It came as the Government’s official forecaster cautioned that there was a ‘significant risk’ around meeting fiscal rules.

The Independent UK · Mar 26, 2025

Growth forecast halved this year in blow to Reeves

Chancellor Rachel Reeves said she was taking action to grow the economy but said she was battling global instability.

Evening Standard · Mar 26, 2025

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 · Mar 26, 2025

Will families be £500 better off after Reeves’ Spring Statement? Here’s what experts say

The chancellor insisted families would be better off even as further welfare cuts were announced

The Independent UK · Mar 26, 2025

How Rachel Reeves’ welfare cuts will affect your benefits - and how much they’ll save

The chancellor has revealed how benefits will be changing for millions of claimants

The Independent UK · Mar 26, 2025

Welfare reform will push 250,000 into poverty, Government’s own assessment says

Charities had already reported a surge in calls and visits to their advice pages following a welfare reform announcement last week.

The Independent UK · Mar 26, 2025

Tax rise warning for millions as Rachel Reeves refuses to rule out Autumn Budget raid after Spring Statement

The Chancellor said to be at the ‘mercy of events’ by not building up a bigger fiscal cushion

Evening Standard · Mar 26, 2025

Income growth to stagnate as firms pass on taxes and benefits cut

Disposable income growth will vary significantly around the 0.5% five-year average, the OBR said.

Evening Standard · Mar 26, 2025

UK Spring Statement: Further budget cuts and halved economic growth

Britain's Chancellor of the Exchequer Rachel Reeves has laid out the latest on UK public finances. Her statement arrives at a moment when the nation needs to find billions to boost defence spending against the backdrop of an ailing economy. Here are the key takeaways.

Euronews · Mar 26, 2025

Rachel Reeves does reasonable job of justifying fiscal prudence but welfare cuts cast shadow

Chancellor was able to point to glimmers of hope in spring statement despite economic growth forecasts being slashed

The Guardian - UK · Mar 26, 2025