The Latest Breaking News from OBR

2023 will be a very difficult year, OBR member warns MPs

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.

The Independent UK · Nov 22, 2022

Economists warn of yet more tax rises to come as October borrowing hits £13.5bn

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

Evening Standard · Nov 22, 2022

UK to be second weakest performer of world’s big economies next year – OECD

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

The Guardian - UK · Nov 22, 2022

Did Jeremy Hunt’s budget rescue the Tories – or is the game up?

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 Guardian - UK · Nov 20, 2022

How Britain’s economic woes stack up against Europe’s – a close look at the figures

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

The Guardian - UK · Nov 19, 2022

Petrol could go up 12p a litre in spring fuel hike Jeremy Hunt didn't mention

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

Chronicle Live · Nov 19, 2022

Warning that petrol and diesel will rise by '12p a litre in March'

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

Wales Online · Nov 18, 2022

Jeremy Hunt admits Boris Johnson's Brexit deal led to damaging trade barriers

The Chancellor, who yesterday unveiled an Autumn Statement which experts warn will inflict years of pain on millions of Brits, said it will "take time" to remove barriers affecting trade with the EU

Daily Mirror · Nov 18, 2022

'Hidden horrors' in the small print of Jeremy Hunt's Autumn Statement

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

Nottingham Post · Nov 18, 2022

Jeremy Hunt's autumn statement is a poisoned chalice for whoever wins the next election

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…

The Conversation · Nov 18, 2022