The Latest Breaking News from OBR

Sunak pledges to keep to pension triple lock despite signs of extra £10bn cost

PM says he is comfortable with full uplift on state pensions, which cost the taxpayer £124bn this year

The Guardian - UK · Aug 16, 2023

Scrap ‘petty and arbitrary’ fiscal rules and invest, top economist who advised Labour urges

Jim O’Neill says OBR should be given new powers to emphasise economic benefits of public investment

The Independent UK · Aug 6, 2023

Kwarteng went ahead with mini-budget despite OBR warning, FOI reveals

Chancellor’s refusal to publish forecast contributed to stock market jitters and run on pound

The Guardian - UK · Jul 26, 2023

Fast-rising borrowing costs putting UK public finances at great risk, warns OBR

Gloomy report says national debt could exceed 300% of GDP within next 50 years

The Guardian - UK · Jul 13, 2023

Pound hits 15-month high as UK GDP shrinks in May; sickness threat to economy – business live

UK GDP report for May shows that factory output and construction shrank during the month, with some blaming extra bank holiday

The Guardian - UK · Jul 13, 2023

Rising UK interest rates threaten Sunak’s fiscal plans, OBR to warn

Inflation and borrowing costs make it less likely PM will be able to tackle debt or cut tax

The Guardian - UK · Jul 12, 2023

SNP MP's request for disastrous Tory mini-budget forecast to be released is upheld

Exclusive: Stuart McDonald's request for the economic watchdog to share the draft forecast it sent to Kwasi Kwarteng ahead of his mini-budget was upheld.

Daily Record · Jul 7, 2023

UK government debt rises above 100% of GDP for first time since 1961

In blow to Rishi Sunak’s plans to cut taxes before general election, net debt reached £2.6tn at of end of May

The Guardian - UK · Jun 21, 2023

Labour doesn’t need to sabotage its green prosperity plan – just to cost it clearly

The argument that markets will react badly to borrowing doesn’t wash, says the former shadow chancellor John McDonnell

The Guardian - UK · Jun 9, 2023

UK growth forecast upgraded by IMF; Bank of England governor says ‘big lessons to learn’ after inflation shock – as it happened

New IMF report shows “a big upgrade to the UK’s growth forecast” says Jeremy Hunt, with UK expected to grow by 0.4% this year not shrink by 0.3%

The Guardian - UK · May 23, 2023