The Latest Breaking News from the Office for Budget Responsibility

Savers should be warned about potential pitfalls of Lifetime Isas, MPs say

The Treasury Committee said savers should be aware of more suitable products

The Independent UK · Jun 29, 2025

Reeves expected to freeze income tax thresholds to raise funds after welfare U-turn

Government’s concessions over welfare cuts leave chancellor with a growing hole in her budget

The Guardian - UK · Jun 27, 2025

Everything you need to know about Labour’s welfare reform U-turn

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

The Independent UK · Jun 25, 2025

Workers’ rights plans could have ‘negative’ impact, watchdog suggests

The Office for Budget Responsibility said regulations which ‘affect the flexibility of businesses and labour markets’ can have undesirable effects.

Evening Standard · Mar 26, 2025

Will Rachel Reeves’s tough decisions pay off? Our panel on the spring statement

The chancellor boosted defence spending while piling on further welfare cuts – all set against gloomy growth forecasts

The Guardian - UK · Mar 26, 2025

Housebuilding to hit 40-year high as red tape cut, but buyers ‘need support’

The Office for Budget Responsibility has forecast that Labour’s planning reforms will boost housebuilding by 170,000 over the next five years.

Evening Standard · Mar 26, 2025

Inflation to rise to 3.2% for 2025 as OBR slashes growth forecast

The Government’s official forecaster has also warned that interest rates are set to stay higher for longer

The Independent UK · Mar 26, 2025

Inflation to rise to 3.2% for 2025 as growth forecast slashed – OBR

The Office for Budget Responsibility (OBR) said on Wednesday that it expects UK gross domestic product (GDP) to rise by 1% in 2025.

Evening Standard · Mar 26, 2025

Economic growth forecast halved as Reeves blames global instability

Chancellor Rachel Reeves was forced to set out further cuts in public spending after the Office for Budget Responsibility’s verdict.

Evening Standard · Mar 26, 2025

Reeves says poverty figures from spring statement cuts don’t take into account impact of getting people into work – as it happened

More than 3 million families will lose out as a result of sweeping cuts to welfare, official analysis shows

The Guardian - UK · Mar 26, 2025