The Latest Breaking News from OBR

Yield on 30-year gilts hit highest level since 1998, indicating it will cost UK more to borrow from markets

The government needs bold policies in the autumn budget that will change the narrative without startling the markets

Chancellor needs to reform an out-of-kilter tax system without alienating voters or spooking financial markets

The chancellor seems to be waiting for a clearer economic picture to emerge but that is not how government works

Troubles at UK statistics body are muddying economic picture for Treasury and spending watchdog, sources warn

Size of the task remains unclear but the chancellor will have to act in the face of expected growth downgrades

HMRC figures appear to indicate departure of high net worth people is in line with OBR predictions, report says

COMMENT: A slowdown at the top end of London’s property market is the latest indicator that individuals with a high net worth are hedging their bets on Britain, says Knight Frank’s Simon Gammon. The government can no longer bank on a globally minded minority to fund massive imbalances in taxing…

COMMENT: Nigel Farage’s plan to halve crime – by spending £17bn on building ‘Nightingale prisons’, jailing for life those convicted three times, and sending Britain’s worst offenders to jail in El Salvador – simply doesn’t add up. But should we be worried that neither Labour nor the Tories seem able…

Very tough budget looms as interest rate costs on bonds drive June figure to second-highest on record

A debt disaster is looming — and too many backbenchers just don’t understand the grim reality