The Latest Breaking News from OBR

Mini-budget will not lead to promised growth, leading economists tell MPs

Economic confidence in UK seriously undermined by Kwarteng and Truss’s ‘guerrilla tactics’, Commons committee hears

The Guardian - UK · Oct 12, 2022

No 10 reviews Kwarteng’s mini-Budget measures following market turmoil

Exclusive: Staffers told to undertake line-by-line scrutiny to see if changes are needed

The Independent UK · Oct 11, 2022

Halloween OBR data will confirm harsh reality

Government economic figures likely to be seen more as trick than treat

Evening Standard · Oct 10, 2022

Liz Truss to abandon benefit cuts in bid to avoid Tory mutiny, reports say

PRIME Minister Liz Truss is set to abandon plans to impose real-terms benefits cuts in an attempt to stave off a Tory mutiny brewing after just…

The National (Scotland) · Oct 10, 2022

Truss and Kwarteng will face fury of Tory MPs in week of crisis meetings

The PM and chancellor will try to stop panic spreading through the party after their high-risk economic plan threatens a ‘death spiral’

The Guardian - UK · Oct 9, 2022

Who’s against Truss and Kwarteng’s growth mania? Anyone with sense

How can the government build, build, build and hit net zero? Or, come to that, keep both the Bank and the OBR on its side?

The Guardian - UK · Oct 8, 2022

First-time buyers see hopes destroyed amid rising interest rates and higher rents

The property market is set to weaken from the bottom up as people struggle to climb onto the housing ladder, economists warn

The Independent UK · Oct 8, 2022

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

The Guardian - UK · Oct 7, 2022

Truss and Kwarteng warned not to stretch medium-term growth timeline

Concerns that fiscal plan may take longer to deliver than the traditional definition of three to five years

The Guardian - UK · Oct 4, 2022

Truss says she ‘absolutely’ trusts Kwarteng after display of public unity

Liz Truss and Kwasi Kwarteng took part in a joint visit but there were still signs of trouble in the relationship between No 10 and No 11.

The Independent UK · Oct 4, 2022