The Latest Breaking News from OBR

From the highest tax burden since the Second World War, to a £250 bombshell rise for council tax payers

UK Chancellor Jeremy Hunt has produced a highly political autumn statement that throws forward major cuts in public spending to after the next general election. The accompanying economic forecast by the government’s Office for Budget Responsibility (OBR) confirms that the country is facing a recession, with unemployment rising, inflation still…

600,000 more people could also now face Universal Credit sanctions, there is a new tax for electric car owners and house prices will drop 9%

Watchdog shares grim outlook after Chancellor Jeremy Hunt outlines billions of pounds of stealth taxes and cuts

Americans are fretting over an expected recession, but the economy is in many ways strong. Things are gloomier in the U.K.

The ex-business secretary said the Chancellor has taken ‘the easy option’ by increasing taxes

The Office for Budget Responsibility estimated fuel duty will increase by 23% next spring under current plans.

Austerity is pushed back until after the next election amid evidence of higher energy bills and a protracted recession

"The ship just feels like it's being steadied; even though it's still tough, it’s easier to understand.”