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The Latest Breaking News from Office for Budget Responsibility

House prices to fall by 9% as mortgage rates rise and stamp duty cut ends, experts warn

The typical house will drop in value by almost 10% by 2024, the Office for Budget Responsibility says, with property prices expected to start falling from later this year

Daily Mirror

UK Budget leaves Scotland with 'no hope' of helping those most in need, says Swinney

THE Chancellor's budget announcements leave the Scottish Government with 'no hope' of helping those most in need when it comes to setting its own…

The National (Scotland)

Autumn Statement post-mortem: living standards to plummet as taxes soar

If there is one figure to bear in mind amid a sea of epically bad numbers in today’s Autumn Statement and accompanying Office for Budget Responsibility (OBR) fiscal outlook, it is this: underlying public sector net debt will be £400bn (18% of GDP) higher in 2026-27 than was forecast in…

Evening Standard

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Disposable income set for biggest drop since 1956, watchdog warns

The Office for Budget Responsibility (OBR) shared its grim outlook after Chancellor Jeremy Hunt outlined billions of pounds of stealth taxes and cuts

Daily Mirror

How long will the UK recession last?

The government unveiled a series of economic plans to tackle the cost of living crisis and soaring inflation

Manchester Evening News

Martin Lewis gives verdict after government launches tax hiking Budget

Jeremy Hunt acknowledged there will be a ‘very big fall’ in living standards

The Independent UK

OBR: Brexit has had ‘significant adverse impact’ on UK trade

The Office for Budget Responsibility also forecast payments of £18.9 billion to Brussels under the terms of the Brexit financial settlement

Evening Standard

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Jeremy Hunt's autumn statement key points: What it means for you

The chancellor said the UK Government has to make some "difficult decisions" to "balance the nation's books"

Wales Online

Jeremy Hunt clobbers ALL Brits with barrage of tax rises and cuts as UK in recession

Jeremy Hunt has announced tens of billions of pounds of cuts and stealth tax rises in the Autumn budget statement - from council tax and income tax to energy bills, minimum wage and the state pension and benefits

Daily Mirror

UK already in recession and GDP to fall by 1.4% in 2023, Jeremy Hunt says

Office for Budget Responsibility forecast that the UK economy will shrink further next year as Brits face rocketing inflation and cost-of-living crisis

Daily Mirror

UK economy now in recession, Jeremy Hunt announces during Autumn Budget OLD

Office for Budget Responsibility says economy is shrinking again

The Independent UK

What time is Jeremy Hunt's autumn statement budget and what will he say

The Chancellor is expected to announce tax rises, service cuts, changes to benefits and pensions and changes to energy bills

Wales Online

Inflation: how to improve official predictions – by asking the public

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided…

The Conversation

Rishi Sunak refuses to accept Brexit has damaged trade OLD

Trade secretary had dismissed predictions by Office for Budget Responsibility

The Independent UK

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The Guardian - UK

Non-dom tax breaks being reviewed by the Treasury in effort to raise revenue

Officials are also looking at incorporating cut in tax-free allowance for dividends into autumn statement

Daily Mirror

Suella Braverman referred to financial watchdog over 'insider trading' rules fear

Labour has asked the Financial Conduct Authority to investigate Suella Braverman's email leak after insiders said, in the wrong hands, it could have enabled 'insider trading'. There is no suggestion it was misused

The Guardian - UK

Labour demand answers to Suella Braverman’s ‘growth visa’ leak reports

Rishi Sunak needs to clarify whether his home secretary’s security breach contained market sensitive data, Labour says

Insider UK

PM eyes £50 billion tax hikes and spending cuts amid ‘massive fiscal black hole’

The figures won't be finalised until the latest forecasts from the Office for Budget Responsibility are received

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The Independent UK

New UK leader to face highest government debt in 60 years

British government debt rose to the highest level in almost 60 years last month and retail sales slumped

The Guardian - UK

Pound, shares and UK government bonds rally after most mini-budget tax cuts ditched – as it happened

Pound holds gains and gilt yields remain lower as new chancellor rips up Trussonomics, pushing tax take to 70-year high this parliament

The Guardian - UK

Jeremy Hunt welcomed by Tories as he tears up Liz Truss’s fiscal plan

There’s relief among Conservative MPs as the new chancellor seeks to bring stability back to government

Evening Standard

Downing Street distances itself from Jacob Rees-Mogg’s attack on Office for Budget Responsibility

Business Secretary questioned the accuracy of OBR’s forecasting claiming its record hasn’t been ‘enormously good’

The Independent UK

Liz Truss: After a torrid Tory conference, what next for the Prime Minister?

Here is what lies ahead for the under-fire Prime Minister over the next few weeks.

The Guardian - UK

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

Wales Online

Government U-turns again on date of new fiscal plan

Shadow chancellor Rachel Reeves says the Government should 'get a grip'

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