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The Latest Breaking News from OBR

London vs the machines: three in four jobs are at risk to AI

Sadiq Khan needs to come up with an AI plan soon, writes Chris Blackhurst — or it’s time to brush up on those floristry skills...

Evening Standard

Millions to retire later under state pension age increase plans – here’s who’s affected

Around five millions workers could lose out under the plans, according to a report by the Office for Budget Responsibility

The Independent UK

UK could lose two million workers if taxes keep rising, OBR warns

Effects of ‘fiscal drag’ could cut incentive to work

The Independent UK

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Pension triple lock to be key driver of public spending pressure, says OBR

Under the triple lock, the UK’s state pension rises each year by whichever is highest out of inflation, wage growth or 2.5%.

Evening Standard

Act soon to change ‘unsustainable’ direction of UK debt, OBR warns

Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’

The Guardian - UK

UK debt will grow ‘explosively’ if not addressed by governments, warns OBR

The OBR set out the findings from a series of forecasts in the latest annual fiscal risks and sustainability report.

Evening Standard

Burnham warned of ‘unsustainable’ debt and government spending in latest OBR report

The UK has experienced one of the largest increases in government debt of any advanced economy over the past 20 years, the OBR said

The Independent UK

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Burnham adviser calls for billions of pounds in borrowing for infrastructure

Exclusive: Jim O’Neill, a former chief economist at Goldman Sachs, says government should spend more on big projects

The Guardian - UK

Jonathan Haskel chosen to be next head of UK fiscal watchdog

Mr Haskel’s nomination comes after former chairman Richard Hughes resigned last December over the mistaken early publication of its forecasts.

Evening Standard

10 years of Brexit: Which campaign claims have come true?

A decade on from the referendum that led to the UK leaving the European Union, Euronews' fact-checking team looks at the campaign promises that were made on both the Leave and Remain sides to see which ones ended up happening.

Euronews

Fact check: Defence vs benefits, church attack video and advantage of sunglasses

Round-up of fact checks from the last few days compiled by Full Fact.

Evening Standard

FTSE 100 edges up amid cautious US-Iran optimism

Stocks gained encouragement from lower oil prices as investors weighed the latest developments in the Middle East.

Evening Standard

Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers

Peers say chancellor and recent predecessors have allowed themselves too little room for manoeuvre

The Guardian - UK

Boost for Reeves as government borrowing drops – but Iran war means worse is to come

Fears are mounting over a hit to the public finances from the Iran war

The Independent UK

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The Guardian - UK

Iran war hurting UK economy as consumer confidence falls; BP’s new chair suffers investor revolt – as it happened

UK consumer optimism drops for third month running, as people grow more worried about the economy and their personal financial situation

The Independent UK

Mansion tax could hit 165,000 homes in first year, Budget watchdog predicts

The Office for Budget Responsibility (OBR) estimated 165,000 properties will be affected in the policy’s first year, rising to 167,000 in 2030

The Guardian - UK

‘This is what you don’t see in F1’: the university where future race engineers are made

With alumni in every F1 team, Oxford Brookes University’s Formula Student team is the most prestigious in the country

The Independent UK

Government borrowing costs hit highest since 2008 recession as pressure on UK economy increases

The UK is now on track to slightly undershoot the OBR’s full-year borrowing forecast

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Evening Standard

Government borrowing sees surprise surge amid fears of squeeze from Iran war

The Office for National Statistics said public sector borrowing stood at £14.3 billion in February – £2.2 billion higher than a year ago.

The Guardian - UK

The Guardian view on Labour, liberals and the Greens: they agree on the problem, but not the solution

Editorial: From Brexit to fiscal rules to living costs, diagnoses multiply. Steel policy points to a missing link – the need for a strategy to rebuild

The Independent UK

UK inflation warning as soaring oil prices threaten 3% high

IN FULL

The Independent UK

Iran war could drive inflation to 3%, OBR warns in major blow for Reeves

Professor David Miles said the impact of conflict on UK prices could be ‘significant’ and ‘completely unwelcome’

Evening Standard

Energy spike from Iran war could add 1% to UK inflation this year, OBR says

Professor David Miles said the impact of conflict on UK prices could be ‘significant’ and ‘completely unwelcome’.

Evening Standard

UK inflation ‘to be pushed higher’ by energy prices amid Iran conflict

The British Chambers of Commerce said the geopolitical situation could ‘change the economic outlook considerably’.

The Guardian - UK

Did baby boomers eat all the pies? John Lanchester on the truth about the generation gap

It’s a grim time to be in your 20s, no doubt, but don’t blame it all on older people: being chopped up into ever smaller rivalries only serves the market

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