The Latest Breaking News from OBR

Spending on pensioners accounts for nearly half of the total welfare budget.

Ministers will be hoping two key changes will be enough to keep wavering MPs on side

Some of the UK’s most deprived areas stand to lose out the most, new data reveals

Downgrades by Treasury watchdog could force chancellor to raise taxes or cut spending at budget to meet fiscal rules

Rachel Reeves is increasing overall budgets after deep Tory cuts, but some departments face bigger spending cuts than others

Round-up of fact checks from the 2025 spending review compiled by Full Fact.

UK chancellor Rachel Reeves has delivered the government’s spending review, setting out its plans and priorities for the next three years. The aim of the review is of course to allocate spending over that time period – but this government is keen for economic growth and so has directed the…

Labour has so far struggled to explain its purpose and the need to do so will be all the more pressing if it raises taxes again

Exclusive: The TUC has ratcheted up pressure on the government to introduce wealth taxes amid a growing expectation that the chancellor will unveil a swathe of spending cuts next week