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The Latest Breaking News from OBR

Top experts 'lay bare Tories' economic ineptitude' ahead of Scottish Budget

KATE Forbes has highlighted “critical quotes” from experts at the Office for Budget Responsibility (OBR) ahead of the announcement of the next…

The National (Scotland)

Jeremy Hunt’s debt reduction plan ‘a very big fiscal risk’, says OBR

Treasury’s independent forecaster says uncertain spending plans and higher than expected inflation could scupper cuts

The Guardian - UK

UK’s flagship post-Brexit trade deal worth even less than previously thought, OBR says

Office for Budget Responsibility says UK entry into the Indo-Pacific agreement will add just 0.04% to GDP in the long run

The Guardian - UK

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House price forecast: almost 5 per cent fall expected in 2024, Office for Budget Responsibility documents show

Average house prices will fall next year says a new report – but property is more complex to predict than simple averages warn experts

Evening Standard

Hunt’s tax cuts mean interest rates won’t drop until summer 2024, economists warn

National insurance cut risks Bank of England being more ‘hawkish’ in battle against inflation

The Independent UK

Which public services will suffer most to pay for Tory tax cuts?

Already squeezed criminal justice system, schools and local government would face painful cuts if chancellor’s sums are to add up

The Guardian - UK

What the UK government's back to work plan covers – and why it is unlikely to boost people's job prospects

Ahead of the UK government’s latest economic statement, the chancellor, Jeremy Hunt, and the secretary of state for work and pensions, Mel Stride, unveiled a new employment support package dubbed the back to work plan.

The Conversation

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Jeremy Hunt's Autumn Statement still leaves hundreds of pounds shortfall for workers despite tax cuts

Number crunching shows mixed picture despite Chancellor's claims

Evening Standard

Hunt hints at more tax cuts before next election after ‘making a start’

The Chancellor faces further analysis from the Office for Budget Responsibility on the autumn statement.

The Independent UK

Jeremy Hunt’s autumn statement tax cuts fuel talk of spring election

Chancellor unveils 2p national insurance cut but thinktanks warn next government faces fresh round of austerity

The Guardian - UK

Jeremy Hunt hails biggest tax cuts since Thatcher but plans condemned as ‘not good for growth’

Chancellor ‘opens the door to May election’ with national insurance giveaway and hint of income tax cut in spring

The Independent UK

Voices: Chancellor hunts for growth as OBR cuts forecasts for Britain’s stuttering economy

A business investment tax break was made permanent, but it’s hard to see where else economic growth will come from, says James Moore

The Independent UK

Living standards, tax levels and other historical benchmarks

Disposable income is likely to be 3.5% lower in 2024/25 than before the Covid-19 pandemic.

The Independent UK

Watchdog lowers forecast for sales of electric cars

The Office for Budget Responsibility has reduced its forecast for electric vehicles’ share of new car sales in 2027 from 67% to 38%.

The Independent UK

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The Guardian - UK

Hunt ‘will create implausible austerity with post-election public spending cuts’

Thinktank attacks chancellor’s giveaways as OBR warns of ‘challenges’ for councils and services

The Guardian - UK

Rishi Sunak’s net zero delay ‘will slash demand for electric cars’

OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38%

The National (Scotland)

Five key points of the Autumn Statement: Is a spring General Election on the cards?

CHANCELLOR Jeremy Hunt claimed the economy had “turned a corner” delivering his Autumn Statement – but analysts have cast doubt on whether…

The Independent UK

Hunt claims UK has ‘turned a corner’ as he slashes national insurance

With an eye on next year’s election, Chancellor Jeremy Hunt began easing the tax burden but it will still hit a record high.

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The Guardian - UK

A ‘live now, pay later’ autumn statement – and yet election year still looks bleak

Tax cuts are hardly unexpected when the country may soon be going to the polls. What is shocking is how little of the gloom they will relieve

The Independent UK

What Jeremy Hunt’s Autumn Statement means for house prices

Forecasters delivered disappointing news for homeowners as they are set to lose thousands next year

Evening Standard

OPINION - Jeremy Hunt cuts taxes – but they're still going up

There is only one activity less productive than watching the Autumn Statement, and that is watching the prime minister's questions that precedes it. Every question even tangentially related to tax and spend receives the rote reply: "I would not want to pre-empt my honourable friend the chancellor". Perish the thought.

The Independent UK

UK tax burden remains set for post-war record high, despite cuts

Nearly four million additional workers are likely to be brought into the tax system between 2022/23 and 2028/29.

Evening Standard

Sluggish economic growth on the cards until 2027 says OBR

Watchdog says GDP will only advance by 0.7% next year compared with its previous projection of 1.8%

The Guardian - UK

Will Jeremy Hunt’s autumn statement revive the Tories’ election chances? Our panel responds

National Insurance cut; pensions and benefits increased. But is that enough to distract from sluggish growth and the rising cost of living?

The Guardian - UK

OBR halves UK growth forecast and warns inflation will exceed 2% target until 2025

Despite £27bn windfall for the autumn statement, government forecaster warns of generally more difficult outlook until 2028

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