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The Latest Breaking News from OBR

Labour drafts options for wealth taxes to ‘unlock’ funds for public services

Exclusive: Sources say changes to inheritance tax and capital gains tax are being discussed

The Guardian - UK · Jun 21, 2024

General election manifestos: Where do the main parties stand on key areas from NHS to immigration

The Independent’s guide to all the major party manifestos ahead of the general election

The Independent UK · Jun 20, 2024

Labour pledges to strengthen economic watchdog within first 100 days

Exclusive: Changes early in expected new government intended to stop repeat of catastrophic Truss mini-budget

The Guardian - UK · Jun 19, 2024

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read the most diverse news in one place.

Amid the Tories’ fiscal disasters, one change has quietly warped how we see public spending for ever

The Tory-created OBR buoyed David Cameron but sunk Liz Truss. After the election, it may become Labour’s problem, says economics professor Jonathan Portes

The Guardian - UK · Jun 12, 2024

This is why business is not excited about this election

City Comment: Political parties are not being straight with us about the fiscal constraints and trade-offs we face

Evening Standard · Jun 6, 2024

Liz Truss’s mini-budget looms large in the election campaign – here’s why it was such a disaster

The words “Liz Truss” and “mini-budget” have become shorthand for financial recklessness and economic chaos. But what was it about the former prime minister’s economic management that was so disastrous?

The Conversation · Jun 6, 2024

No budget until September if Labour wins election, says Reeves

Shadow chancellor insists no additional tax rises will be needed beyond ones already announced by the party

The Guardian - UK · May 28, 2024

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Jeremy Hunt’s tax cut plans face setback as government borrowing tops £20bn

ONS says budget deficit £1.5bn higher than previous year due to increased spending on benefits and weaker tax revenues

The Guardian - UK · May 22, 2024

Tories might not hold autumn statement pledging more tax cuts before election

With public finances in a worse position than expected, chancellor Jeremy Hunt is considering pushing back further pledges

The Guardian - UK · May 4, 2024

Ten Years to Save the West by Liz Truss review – economical with the truth about her own downfall

The former PM’s whingeing, unintentionally hilarious and scapegoating rant about the economy-crashing disaster of her time in No 10 is best read as a cautionary tale of hubristic zeal

The Guardian - UK · Apr 21, 2024

Trussonomic lessons: what can be learned from former PM’s book?

The anti-growth coalition, Bank of England and the OBR are among those under fire from Liz Truss

The Guardian - UK · Apr 18, 2024

The greatest mystery of modern politics? Liz Truss’s self belief

The former prime minister is teaching us a lot about narcissism in her new memoir, and it’s hard to tear your eyes away

The Guardian - UK · Apr 15, 2024

For the birds? Far from it. At last Rachel Reeves has given Britain a plan for economic liftoff

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

The Guardian - UK · Mar 24, 2024

UK government borrows more in February than forecast with highest debt since 1960s

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

The Guardian - UK · Mar 21, 2024

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Evening Standard · Mar 14, 2024

OPINION - All models are wrong (except the Office for Budget Responsibility's Brexit forecasts)

"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.

The Guardian - UK · Mar 11, 2024

How to survive UK mortgage turmoil as rates go up and deals are pulled

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

The Guardian - UK · Mar 9, 2024

Immigration is good for tax receipts - and five other things we learned from the budget

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

Evening Standard · Mar 8, 2024

UK Budget: Hunt sticks to what was expected, and markets are grateful for that

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

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Evening Standard · Mar 7, 2024

Business leaders’ tourist tax fury is a gift for Starmer

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

Evening Standard · Mar 7, 2024

Brexit hitting UK economy and damage set to worsen with new trade barriers, Budget watchdog warns

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

Evening Standard · Mar 7, 2024

OPINION - Jeremy Hunt's Budget sold us the Big Lie of British politics — that we can afford our spending

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…

Evening Standard · Mar 7, 2024

‘Missed opportunities’ to help first-time buyers in the Spring Budget 2024

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

The Guardian - UK · Mar 6, 2024

Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

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

The Guardian - UK · Mar 6, 2024

Chancellor to raise UK government borrowing to fund budget measures – OBR

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

The Guardian - UK · Mar 6, 2024

Jeremy Hunt’s last budget before an election – but not his last roll of the dice

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

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