The Latest Breaking News from OBR

David Miles said the impact of rising interest rates and inflation will cause pressure next year but they are predicted to turn a corner in 2024.

Chancellor of the Exchequer Jeremy Hunt has hit back at Tory critics of his £24 billion of tax rises (PA)

Most countries’ forecasts cut as Ukraine war prompts ‘largest energy crisis since the 1970s’

ONS estimates spending for October included around £3 billion on cost of energy support schemes

£4.6bn is an eye-watering amount for consumers to stump up – transparency from the government is long overdue

The UK faces some significant belt-tightening following Chancellor Jeremy Hunt’s autumn statement, which announced spending reductions and tax rises of around £55 billion. Much research has been done into the best ways to do fiscal austerity in terms of reducing debt, avoiding economic damage and not exacerbating inequality. So how…

The OBR's forecast of a 7% drop in living standards is to 'stretch the period of risk to retailers'

In the shadow of the Truss debacle and with hard times ahead, the chancellor faced a ‘politically impossible’ job, according to a former Tory minister. But the party’s morale is at rock bottom

The UK’s money troubles spread from inflation and higher interest rates to sluggish productivity. But how do we compare with our European neighbours?

Budget watchdog warns of 23% increase in pump costs in March if the Government doesn't step in to keep fuel duty frozen

The Chancellor has been warned not to go ahead with any rise in fuel duty, but he's said today there has been no decision made and it is not Government policy