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The Latest Breaking News from OBR

'Broken': UK living standards fall despite slight economic growth, data shows

THE UK economy unexpectedly eked out growth in the final three months of last year – but a key measure showed living standards actually fell,…

The National (Scotland)

Treasury launches leak inquiry over reports OBR has cut UK growth forecast

The watchdog is reported to have cut its growth forecast for the UK, causing problems for the Chancellor as she attempts to stick to her fiscal rules.

Evening Standard

Government ‘relentlessly focused’ on economy amid reports of lower growth – No10

The Office for Budget Responsibility is said to have cut its projections for economic growth.

The Independent UK

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US job creation slowed in January; UK can’t say ‘job done’ fighting inflation, say’s BoE’s Pill – as it happened

US economy added 143,000 new jobs last month, fewer than expected

The Guardian - UK

Bank of England poised to cut interest rates amid UK economic gloom

Growth forecasts likely to be downgraded, with rate-setting committee tipped to cut lending rate from 4.75% to 4.5%

The Guardian - UK

Starmer should end UK’s ‘cycle of hesitation’ with EU, says Neil Kinnock

Former Labour leader says government should show greater willingness to work with bloc

The Guardian - UK

Rachel Reeves has to realise she can’t plough on with the farm tax

The chancellor’s attempt to get rich landowners to pay their fair share was correct in principle. But this measure has missed the mark

The Guardian - UK

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Reeves plans to soften non-dom reforms after listening to concerns

Downing Street said the move to soften non-dom reforms does not ‘change the overall approach’ to the Government’s policy.

Evening Standard

Tough times for the ‘Iron Chancellor’ who needs to regain the nation’s trust

THE INDEPENDENT VIEW: Editorial: As Rachel Reeves addresses the growing fiscal crisis in the House of Commons, there is a worrying sense that the work Labour did before the election to gain the confidence of business, attract investment and create jobs is being squandered in what will feel to many…

The Independent UK

Voices: Rachel Reeves is heading for the brick wall of an emergency Budget

COMMENT: The chancellor has only herself to blame for failing to give herself any escape routes from humiliation, writes John Rentoul

The Independent UK

Friday briefing: Why spiralling borrowing costs spell trouble for Rachel Reeves

In today’s newsletter: Economic uncertainty at home and abroad is causing problems for the Labour agenda – could this risk becoming the chancellor’s mini-budget moment?

The Guardian - UK

Reeves mulls deeper cuts to public services as borrowing costs soar

Chancellor could slash departmental spending in spring after ruling out tax increase, officials reveal

The Guardian - UK

Cuts, tax rises and doing nothing: Rachel Reeves’ options to tackle economic woe

Labour’s fiscal rules may limit the chancellor’s ability to act, but waiting it out may be the best option

The Guardian - UK

Why rising bond yields are rattling Rachel Reeves

Chancellor in danger of breaking fiscal rules after cost of servicing UK 10-year debt rises to highest level since 2008

The Guardian - UK

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The Independent UK

Reeves faces spending wrangles and a search for growth in 2025

Rachel Reeves faces an unenviable situation as the new year begins.

The Guardian - UK

Reeves may have to U-turn over no more tax rises, warn economists

Dramatic economic slowdown means chancellor could face lower receipts and higher borrowing costs in 2025

The Guardian - UK

Brexit cost UK £27bn in lost trade in first two years, review finds

Despite fall in trade, LSE study says overall impact was more limited than OBR forecasters first estimated

Evening Standard

Chancellor commissions OBR forecast ahead of spring statement

The forecast, published on March 26, will be accompanied by a statement from Rachel Reeves.

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The Guardian - UK

Shadow chancellor warns Reeves over EU ties after Bank chief says Brexit harming economy – as it happened

Mel Stride said there must be no suggestion of the UK going back into the EU single market or customs union

The Independent UK

Treasury denies breaking law over ‘black hole’ in public finances

The way information is provided to the Office for Budget Responsibility is being changed following issues in March.

Evening Standard

Treasury denies breaking law over 'black hole' in public finances

The way information is provided to the Office for Budget Responsibility is being changed following issues in March

The Independent UK

‘Budget emperor has no clothes’ says shadow minister as MPs continue debate

The final day of debate on Labour’s first Budget in 14 years is taking place in the Commons.

The Independent UK

Rachel Reeves gives top official vote of confidence in row over Budget black hole cover-up

Exclusive: The chancellor gave officials a vote of confidence ahead of she and her Treasury permanent secretary James Bowler facing questions from MPs today

The Independent UK

UK politics live: Davey accuses Badenoch of ‘cheerleading’ for Trump after Starmer snubs her call for apology

Lib Dems leader Ed Davey has Kemi Badenoch ‘s support for Trump shows she doesn’t reflect British values

Evening Standard

Bombshell claim Rishi Sunak's government 'didn't follow law' on revealing scale of UK public finances crisis

The allegation came from the independent Office for Budget Responsibility

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