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The Latest Breaking News from the Office for Budget Responsibility

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

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

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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 Guardian - UK

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 National (Scotland)

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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.

The Independent UK

Watchdog lowers forecast for sales of electric cars

The Office for Budget Responsibility has reduced its forecast for electric vehicles’ share of new car sales in 2027 from 67% to 38%.

The Independent UK

Autumn statement: experts react to national insurance and business tax cuts

The UK chancellor, Jeremy Hunt, as announced a raft of changes to the tax and benefit system as part of the government’s autumn statement. They included:

The Conversation

Will Jeremy Hunt’s autumn statement revive the Tories’ election chances? Our panel responds

National Insurance cut; pensions and benefits increased. But is that enough to distract from sluggish growth and the rising cost of living?

The Guardian - UK

OPINION - The Standard View: The Chancellor giveth, the Chancellor taketh away

The starting gun for the next general election campaign may have already been fired, but today’s Autumn Statement represents an intensification of hostilities. The Chancellor took some of the fiscal headroom handed to him by the Office for Budget Responsibility and sought to give voters — not least Tory backbenchers…

Evening Standard

Watch as Office for Budget Responsibility holds press conference after Hunt’s autumn statement

Watch as the Office for Budget Responsibility holds a press conference following Jeremy Hunt’s autumn statement.

The Independent UK

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The Independent UK

Hunt begins to ease historically high tax burden with eye on Tory election hopes

The Chancellor said high employment taxes ‘disincentivise hard work’.

The Guardian - UK

Labour motion to ban Truss-style budget meltdowns puts pressure on Tory MPs

Party loyalty would force Conservatives to vote against plan for fiscal responsibility

The Guardian - UK

UK fiscal watchdog admits ‘genuine errors’ in inflation forecasting

OBR says it underestimated strength and persistence of inflation as well as impact of high energy prices

The Independent UK

Brexit: Michael Gove claims infamous £350m a week for NHS promise ‘delivered’

‘Promise made, promise delivered’, says cabinet minister who was key figure in Vote Leave campaign

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Evening Standard

Labour says budget watchdog won’t be ‘gagged’ in future after disastrous Truss tenure

Planned boost to OBR’s powers outlined a year on from the Truss-Kwarteng mini-budget

Evening Standard

Jeremy Hunt rakes in £40 billion more in income tax and NI as stealth taxes hit millions of workers, experts say

The Chancellor faces calls to cut taxes as Government annual borrowing was £13.2 billion lower than the Office for Budget Responsibility forecast last month

The Independent UK

Tax on beer frozen as part of Jeremy Hunt’s ‘Brexit pubs guarantee’

Chancellor was expected to hike duty on alcohol as new tax on drink strength comes into effect

The Independent UK

Budget 2023 in graphs from fuel duty cut to energy price cap

Fuel duty cut? Energy bills support extended? Here are the figures behind Jeremy Hunt’s measures

The National (Scotland)

UK to avoid recession but see living standards 'drop to levels not seen since 1950s'

The UK economy is set to avoid a recession but people are still expected to face the biggest fall in living standards on record, according to the…

Wales Online

No recession, but Brits are still facing biggest ever fall in living standards

Things are looking better than thought, but it's still not rosy

Manchester Evening News

Fuel duty and price of pints in pubs frozen

'British ale may be warm, but the duty on a pint is frozen'

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