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The Latest Breaking News from OBR

Fuel duty to increase for first time since April 2010

Fuel duty is set to increase for the first time in 16 years, with the current 5p per litre cut extended only until September 2026 before being reversed through a staggered approach. From April 2027, the Government plans to increase fuel duty rates annually in line with the Retail Price…

The Independent UK

Budget at a glance: What has Rachel Reeves announced?

Here, the PA news agency looks at the tax rises and cost-of-living measures in Wednesday’s Budget.

The Independent UK

Inflation and unemployment forecasts hiked as tax burden to hit record – OBR

It came as the UK’s official forecaster also reported that economic growth will be weaker than expected from 2026.

The Independent UK

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Tax hiked and growth downgraded as details of Budget released early

The OBR confirmed Rachel Reeves’ Budget ‘raises taxes by amounts rising to £26 billion in 2029-30’.

Evening Standard

Rachel Reeves says budget will cut living costs after shock OBR leak

Chancellor unveils action on energy bills, rail fares and two-child benefit cap as she reveals £26bn tax rises

The Guardian - UK

UK borrowing costs fall after early release of budget forecasts – as it happened

OBR forecasts appear to show that chancellor has more than doubled her fiscal headroom to almost £22bn

The Guardian - UK

Rachel Reeves’s high-stakes autumn budget in five key charts

Chancellor to set out tax and spending plans shaped by weak productivity, high borrowing costs and cost of living crisis

The Guardian - UK

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What to expect in budget 2025: tax, VAT, pensions, savings and more

Here’s what Rachel Reeves is tipped to announce after months of speculation

The Guardian - UK

Reeves must prove she has a rock-solid plan to free us from this ‘growth crisis’

THE INDEPENDENT VIEW: Editorial: The chancellor’s second Budget has been overshadowed by bleak forecasts, but while the OBR’s downgrade exposes the fragility of Labour’s economic promises and the limits of government spin, she must still deliver

The Independent UK

Reeves expected to reveal cut in growth forecasts for next five years in budget

OBR has reportedly downgraded predictions after review that blames lack of investment under Tories

The Guardian - UK

Bond market power: why Rachel Reeves is keen to keep the £2.7tn ‘beast’ onside

Hugely influential traders will be hanging on the chancellor’s every word when she announces her budget

The Guardian - UK

Chancellor warned of crisis before make-or-break Budget

With hours to go until one of the most anticipated Treasury statements in modern history, Rachel Reeves has been given disastrous warning on the economy’s outlook

The Independent UK

Key economic data and trends that will shape Rachel Reeves’ Budget

Government borrowing for the current financial year is the highest on record outside the Covid-19 pandemic.

Evening Standard

Rachel Reeves, please, let’s make budgets boring again

Budgets need to be reassuringly dull with no repeat of this year’s long, drawn-out and chaotic buildup

The Guardian - UK

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The Guardian - UK

A make-or-break budget: inside the Treasury before Labour’s crucial day

From the outside, the run-up to Rachel Reeves’s announcement has looked chaotic, and many see the future of the chancellor and PM in the balance

The Guardian - UK

UK budget watchdog in danger of strangling economic growth, says TUC boss

Paul Nowak says OBR should be modernised to ditch ‘hardwired’ support for austerity economics

The Guardian - UK

Reeves’s plan to ditch income tax rise prompts government bond sell-off

Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July

The Guardian - UK

Reeves’s tax U-turn: how Labour changed course on budget plans

Chancellor spent weeks preparing the ground for breaking manifesto pledge but events this week appeared to change her mind

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The Independent UK

Rachel Reeves ‘plans to raise income tax’ in Budget

Chancellor reportedly looking to hike income tax but cut National Insurance in bid to place burden of tax rises on landlords and pensioners

The Guardian - UK

Ignore the howls around pay-per-mile, chancellor. We can’t afford not to tax electric cars

The issue of how motoring taxes should change as we decarbonise the economy has been dodged for too long. Car salesmen need to get real

The Independent UK

George Osborne issues stark warning to Reeves over tax hikes

The former chancellor described the government as ‘constrained by its promise’ after Labour’s general election manifesto pledged to not increase VAT, national insurance or income tax

The Guardian - UK

Three weeks till budget day – and now Rachel Reeves is ‘being honest’ about tax

The chancellor is levelling with us about the pain to come. Is there anyone outside Planet Rachel who couldn’t see that truth two years ago, asks Guardian columnist Marina Hyde

The Conversation

Tax rises and benefit cuts are on the horizon as Reeves prepares the UK for a bad-news budget

The UK chancellor, Rachel Reeves, has made it clear that taxes will go up, and more cuts to welfare spending are on the horizon. The moves will be deeply unpopular and controversial – but in an extraordinary press conference ahead of the UK budget on November 26, Reeves made it…

The Guardian - UK

Reeves aims to prepare voters and markets for possible budget tax rises

Speech attempts to take back narrative with talk of ‘years of economic mismanagement’, Brexit and tariffs

The Guardian - UK

I hope Rachel Reeves does raise income tax – there’s a way she can do it fairly

The chancellor might need to break manifesto pledges and a 50-year taboo, but she has a chance to steer UK finances back on track, says Ruth Curtice of the Resolution Foundation

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