The Latest Breaking News from OBR

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 · Nov 24, 2023

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 · Nov 23, 2023

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 · Nov 23, 2023

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 · Nov 22, 2023

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 · Nov 22, 2023

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 · Nov 22, 2023

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 · Nov 22, 2023

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 Guardian - UK · Nov 22, 2023

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 National (Scotland) · Nov 22, 2023

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.

The Independent UK · Nov 22, 2023