The Latest Breaking News from OBR

British workers ‘£11,000 worse off a year’ as wages fail to keep up with costs

Resolution Foundation says typical UK household income has fallen further behind Germany, with the gap at £4,000

The Independent UK · Mar 20, 2023

Budget 2023: why the UK's fiscal watchdog does not share the chancellor's optimism

UK chancellor Jeremy Hunt confidently described his first budget of 2023 as a “budget for growth”. He went on to offer a fairly upbeat assessment of both economic performance and future prospects, arguing: “The declinists are wrong and the optimists are right.”

The Conversation · Mar 17, 2023

Central banks must keep interest rates high to combat inflation, says OECD

Organisation also says UK will be only G20 economy apart from Russia to shrink this year

The Guardian - UK · Mar 17, 2023

Workers face extra £29.3bn-a-year burden from ‘stealth’ tax rises

‘Stealth’ tax to drag 5.3 million more people into paying tax or higher rate tax, figures show

The Independent UK · Mar 15, 2023

House prices set to fall by 10 per cent - and may not get back on track until 2026, watchdog warns

Drop even larger than forecast in November as incomes squeezed and mortgage rates expected to rise again

The Independent UK · Mar 15, 2023

Budget 2023: Hunt warns childcare support boost ‘can’t happen overnight’

Support to be ‘ramped up in orderly way’ amid concerns system won’t cope with increased demand but struggling parents say help arriving ‘too late’

Evening Standard · Mar 15, 2023

Jeremy Hunt’s ‘back to work’ Budget sees pension limits scrapped and free childcare extended

Labour says changes to pension pots will benefit ‘richest 1 per cent’

The Independent UK · Mar 15, 2023

Hunt’s ‘budget for growth’ gives top 1% a pension bonus but ignores public services

No money for nurses, doctors or teachers note critics as Starmer says UK is on ‘path of managed decline’

The Guardian - UK · Mar 15, 2023

UK migration forecast to hit 245,000 despite Rishi Sunak’s pledge to cut arrivals

Revised figures up 110,000 on last year as post-Brexit Britain proves more attractive than feared

The Independent UK · Mar 15, 2023

UK economy will take more than a year to recover to pre-Covid level, says OBR

Jeremy Hunt’s efforts to boost growth unlikely to prevent largest fall in living standards on record

The Guardian - UK · Mar 15, 2023