The Latest Breaking News from OBR

Cutting ‘waste’ or more tax: how Reeves could appease OBR in spring statement

A weak economy, higher borrowing costs and increased defence spending will mean tough decisions

The Guardian - UK · Feb 28, 2025

Fact check: Government plans will see defence spending hit 2.5% of GDP

It is unclear what the Prime Minister is using to claim that the increase would be £13.4 billion per year.

Evening Standard · Feb 28, 2025

Spring Forecast: When is it and what can we expect?

Rachel Reeves has come under pressure as the government seek to raise growth in the country

The Independent UK · Feb 14, 2025

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 · Feb 6, 2025

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 · Feb 2, 2025

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 · Jan 25, 2025

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 · Jan 23, 2025

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 · Jan 14, 2025

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 · Jan 11, 2025

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 · Jan 10, 2025