The Latest Breaking News from OBR

Economists react to the Budget with pay cut fears

LABOUR tax hikes on employers will cut pay for workers, according to a leading think tank.

The National (Scotland) · Oct 30, 2024

Budget 2024: Reeves reveals £40bn in tax rises as she promises to rebuild public services

Chancellor announces increases in taxation for businesses and the wealthy, and more money for the NHS and schools

The Guardian - UK · Oct 30, 2024

Inflation set to stay above 2% for next four years, says OBR

The fiscal watchdog said inflation is expected to be 2.6% next year, significantly ahead of a previous prediction of 1.5%.

Evening Standard · Oct 30, 2024

Hunt accused of trying to ‘blame the referee’ over OBR ‘black hole’ review

Tory former chancellor Jeremy Hunt has written to the UK’s top civil servant about an Office for Budget Responsibility review of his spending plans.

The Independent UK · Oct 29, 2024

Jeremy Hunt calls on government not to release OBR review into his spending plans

Former chancellor accuses Rachel Reeves of politicising Office for Budget Responsibility by release on budget day

The Guardian - UK · Oct 29, 2024

Gold price hits fresh record high, as bitcoin also rallies – as it happened

Analysts say gold is benefited from safe-haven demand amid persistent geopolitical tensions, expectations of monetary policy easing, and mounting uncertainty surrounding the US presidential election.

The Guardian - UK · Oct 29, 2024

Budget ‘most honest’ in years, Cabinet minister claims

Pat McFadden said Rachel Reeves’ first Budget will ‘end the fiscal fiction of things being announced which had no money set aside for them’.

Evening Standard · Oct 28, 2024

Hunt accuses Budget watchdog of political bias

Jeremy Hunt accuses the Budget watchdog of failing to be impartial since the Labour Party came into office

The Independent UK · Oct 27, 2024

OBR to publish breakdown of claimed £22bn ‘black hole’ on budget day

Former chancellor Jeremy Hunt says decision to publish findings of review on Wednesday is ‘significant concern’

The Guardian - UK · Oct 27, 2024

In her first budget, the chancellor faces a minefield of risks

Ahead of the new government’s first budget on October 30, chancellor Rachel Reeves has revealed her determination to change borrowing rules that will allow her to boost investment spending.

The Conversation · Oct 25, 2024