The Latest Breaking News from OBR

Higher than expected figure of £8.4bn in February could derail OBR forecast for £114.1bn deficit for 2023-24

"All models," the British statistician George Box observed, "are wrong, but some are useful." To which we now turn to the Office for Budget Responsibility, whose Brexit forecasts seem to be holding up remarkably well.

Homebuyers have to try to navigate their way to an affordable deal with no help in the budget to ease the pain

Just one of the messages that may surprise fans of Britain’s chancellor

City Voices: The pressure is on the Bank of England to get it right

City Comment: It’s not yet clear what Labour would do about the tourist tax, but retail bosses fed up with Sunak and Hunt have strarted turning to Starmer and Reeves for salvation

Impact of leaving EU raised by Office for Budget Responsibility in its detailed analysis of Chancellor Jeremy Hunt’s Budget

No one wants Jeremy Hunt to be Chancellor. Labour doesn’t, obviously — the party has its own candidate, albeit with largely the same spending plans and fiscal rules. Rishi Sunak doesn’t — he wants to be his own finance minister. The Tory Right still pines for Truss-onomics, the SNP doesn’t…

First-time buyers will be disappointed that some changes were not made in the Budget, some commentators said

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29