The Latest Breaking News from OBR

Despite being called continuity Hunt, the shadow chancellor has set out a proposal for meaningful change

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

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

These latest tax cuts were not the gamechanger the Tories need before the election