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The Latest Breaking News from OBR

Fears grow over big tax rises in Budget as Rachel Reeves hit with £20 billion productivity blow

The Office for Budget Responsibility is set to downgrade its productivity forecasts by more than expected

Evening Standard

Rachel Reeves faces new £20bn Budget blackhole

A downgrade in the productivity figures could leave Reeves with a bigger fiscal gap

The Independent UK

Rachel Reeves is the face of this budget. But the really big decisions are not in Labour’s hands

The UK’s economic policy isn’t decided by politicians, but by the OBR and the Bank of England. This is a system in dire need of a rethink, says Guardian columnist Larry Elliott

The Guardian - UK

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read the most diverse news in one place.

FTSE 100 holds firm amid hefty gold miner losses

Experts said the drop was a sign of ‘healthy price action’.

Evening Standard

Brexit had bigger impact on UK economy than critics predicted, Rachel Reeves says

Brexit ‘needlessly’ added costs to UK businesses, Rachel Reeves said, arguing ministers are now ‘unashamedly rebuilding our relations with the European Union’

The Independent UK

Reeves has mountain to climb in budget after borrowing rise

Public finances figures contain no shocks but will underline need for either hefty tax rises or spending cuts

The Guardian - UK

Business news live - Government borrowing in September hit highest level since Covid

Stock market news plus latest business and personal finance updates from Tuesday

The Independent UK

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UK borrowing reaches five-year high for September at £20.2bn

Rising debt interest and welfare costs push public finances deeper into red before Rachel Reeves’s budget

The Guardian - UK

Rachel Reeves says those with broadest shoulders should pay fair share of tax

Chancellor adds she wants to ‘get the balance right’ and not deter wealthy people from making the UK their home

The Guardian - UK

Thursday briefing: Rachel Reeves starts to sell a tough budget to the public

In today’s newsletter: The chancellor begins to lay the groundwork ahead of next month’s big speech

The Guardian - UK

Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget

Chancellor hints at rises and calls out past ‘scaremongering’ over VAT on private schools and changes to non-doms

The Guardian - UK

Reeves Warns of Hard Choices Ahead — Tax Hikes Back on the Table

Rachel Reeves signals 'hard choices' in the 26 November Autumn Budget, with tax rises and spending cuts under active consideration as the OBR's downgrade and IMF forecasts heap pressure on the UK's public finances.

International Business Times UK

Rachel Reeves v the OBR: chancellor aims to loosen the watchdog’s grip

Labour embraced the forecaster’s powerful role, but now finds itself scrambling in the face of gloomy projections

The Guardian - UK

Rachel Reeves looks for extra headroom in budget to insulate UK economy against bond market

Chancellor hopes to raise enough funds to stop damaging speculation about breaching fiscal rules

The Guardian - UK

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The Guardian - UK

Rachel Reeves given extra £3bn for budget after VAT error fixed

ONS says public borrowing estimates have been out by £200m-£500m a month since January

The Guardian - UK

Rachel Reeves urged to break manifesto pledges to avoid ‘pasty tax’ budget

Labour colleagues advise chancellor against string of small money-raising measures, as OBR presents forecast

Evening Standard

Tesco delivers but FTSE ends four-day winning run

Tesco raised profit guidance after a better-than-expected first half.

Evening Standard

‘OBR needs to change way it forecasts economic performance’, Reeves says

The Chancellor told broadcasters only one full forecast should be done a year as Government aims to only change fiscal policies once annually.

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The Independent UK

Rachel Reeves faces the fight of her life to duck the blame for tax rises

THE INDEPENDENT VIEW: Editorial: The chancellor is entitled to point out that her Tory predecessors are partly responsible, but she cannot avoid the consequences of her own decisions

The Independent UK

Budget blow for Reeves as UK’s key economic forecast slashed

Exclusive: Budget watchdog is set to downgrade a key economic performance indicator for the UK in a move that could drive tax hikes – as chancellor tries to shift blame on to Tories

The Guardian - UK

Treasury ‘putting the squeeze’ on OBR over Labour growth plans amid tensions over downgrade

Rachel Reeves may have to find up to £30bn in tax rises or spending cuts if forecaster revisits expectations

The Guardian - UK

Labour is in a mess. Is there anything Starmer can do to turn things around? Our panel responds – part one

Over a year into power, Keir Starmer’s government is floundering. But it still has a large parliamentary majority and time on its side — here’s what it could do, says our first group of panelists

The Guardian - UK

New headache for Rachel Reeves as OBR expected to lower productivity forecast

Weaker growth outlook would set chancellor on course to break her fiscal rules without significant action in budget

The Independent UK

Government to overturn Lords bid to weaken workers’ rights Bill

The Employment Rights Bill will bring in parental leave from the first day of employment and strengthen statutory sick pay.

Marie Claire

From Dog Whistles to Disinformation, How the Far Right Is Spreading Anti-Immigration Narratives

We’ve debunked the common myths around immigration

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