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The Latest Breaking News from the Office for Budget Responsibility

Firms ‘set to pass on most of higher tax costs to employees through lower wages’

The Office for Budget Responsibility said it assumes that firms will ‘pass on most but not all of their higher tax costs to employees’.

The Independent UK

Mortgage rates to rise after Rachel Reeves' tax, borrow and spend Budget, says official forecaster

The Chancellor has clashed with the Tories over whether her Budget would push up mortgage bills

Evening Standard

Watch: Office for Budget Responsibility responds to Rachel Reeves’ £40bn tax hikes

Watch as chair of the Office for Budget Responsibility (OBR) Richard Hughes held a press conference after Labour's Budget was announced on Wednesday, 30 October.

The Independent UK

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read the most diverse news in one place.

Autumn budget: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools – as it happened

Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties

The Guardian - UK

Budget reaction LIVE: Starmer and Reeves defend record tax-rises on hospital visit

Working families with a mortgage face risk of a double blow of higher rates and wage growth slump

Evening Standard

Jeremy Hunt calls on government not to release OBR review into his spending plans

Former chancellor accuses Rachel Reeves of politicising Office for Budget Responsibility by release on budget day

The Guardian - UK

Budget ‘most honest’ in years, Cabinet minister claims

Pat McFadden said Rachel Reeves’ first Budget will ‘end the fiscal fiction of things being announced which had no money set aside for them’.

Evening Standard

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Liz Truss: Tories would have done better in UK election if I had stayed PM

Truss blames Tory MPs, Bank of England and OBR for dire reaction to her mini-budget – and refuses to back any leadership contender

The Guardian - UK

Rachel Reeves could scrap non-dom tax raid, reports suggest

Officials suggest the government could ditch the manifesto plan if the numbers don’t add up

The Independent UK

UK government borrowing hits higher than expected £3.1bn in July

Figures come amid row between Labour and Conservatives over true state of public finances

The Guardian - UK

Scottish Government 'will need to find £100m to mitigate Labour cuts', minister says

THE Scottish Government will have to find around £100 million to mitigate Labour’s cuts to the Winter Fuel Payment, a minister has said ...

The National (Scotland)

Rachel Reeves issues warning after minister claims finances 'worse than we thought'

RACHEL Reeves has warned she will have to make “difficult decisions” following claims from a minister that the UK's finances are "worse…

The National (Scotland)

Reliance on private sector investment could stifle Labour’s economic mission

In the rush for growth, the cabinet has hit the ground running; but a temporary boost to public borrowing may be the only way to get quick results

The Guardian - UK

Reality check: can Treasury afford pledge to raise tax-free pension allowance?

We look at whether the Conservative pledge for a ‘triple lock plus’ can really be paid for by cracking down on tax avoidance

The Guardian - UK

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The Guardian - UK

Trussonomic lessons: what can be learned from former PM’s book?

The anti-growth coalition, Bank of England and the OBR are among those under fire from Liz Truss

Evening Standard

OPINION - All models are wrong (except the Office for Budget Responsibility's Brexit forecasts)

"All models," the British statistician George Box observed, "are wrong, but some are useful." To which we now turn to the Office for Budget Responsibility, whose Brexit forecasts seem to be holding up remarkably well.

The Guardian - UK

UK ‘fiscally offside’ by up to £60bn, Citi fears; house prices rise again – as it happened

Rolling coverage of the latest economic and financial news, as economist warns OBR productivity forecasts are much too optimistic

The Guardian - UK

Tax and spending cuts will backfire, economists warn Jeremy Hunt

Former Treasury aides say the chancellor is courting danger on UK debt and that fiscal rules must go

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The Guardian - UK

BoE’s Dhingra warns against delaying interest rate cuts; ‘limited room’ for tax cuts after record UK budget surplus – as it happened

Rolling coverage of the latest economic and financial news, as UK’s budget surplus doubles year-on-year… and BT Tower is sold to hotel chain

The Guardian - UK

Jeremy Hunt ‘considering spending cuts’ to fund pre-election tax giveaway

Treasury looking at reducing projected rise in public spending from 2025, FT reports citing insiders

The Guardian - UK

Head of OBR says lack of budget details led to ‘work of fiction’ forecasts last year

Richard Hughes criticises lack of information from government about public spending plans

The Guardian - UK

Jeremy Hunt hints at voter-friendly tax giveaway in March budget

With polls predicting electoral disaster for Tories, chancellor says ‘economy would be more successful if we had more competitive taxes’

The National (Scotland)

Top experts 'lay bare Tories' economic ineptitude' ahead of Scottish Budget

KATE Forbes has highlighted “critical quotes” from experts at the Office for Budget Responsibility (OBR) ahead of the announcement of the next…

The Independent UK

Watch live: Office for Budget Responsibility addresses MPs about Hunt’s autumn statement

Watch live as the Office for Budget Responsibility (OBR) addresses MPs about Jeremy Hunt’s autumn statement on Tuesday (28 November).

The Independent UK

Hunt hints at more tax cuts before next election after ‘making a start’

The Chancellor faces further analysis from the Office for Budget Responsibility on the autumn statement.

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