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The Latest Breaking News from OBR

UK annual borrowing exceeds forecasts by almost £15bn in blow to Rachel Reeves

Chancellor may be forced to raise taxes or announce deeper public spending cuts, economists say

The Guardian - UK

‘The whole policy is wrong’: rebellion among Labour MPs grows over £5bn benefits cut

Dozens of MPs are angry at their party, despite frantic efforts by whips and government ministers to assuage them

The Guardian - UK

As Labour frustration grows, could OBR forecasts be cut to once a year?

Figures in No 10 feel the Office for Budget Responsibility’s twice-yearly reports undermine Rachel Reeves’ plan to scrap the spring statement

The Guardian - UK

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Britain needs houses, and Labour’s bold plan will address that. But it may require more migrants

Ministers are ready to be relentless over planning reform. There is a skills gap though – and they must be brave enough to fill it, says Guardian columnist Polly Toynbee

The Guardian - UK

MPs could vote on benefit cuts before knowing full details, Starmer says

Labour says its welfare reforms are designed to help people into work – but MPs might have to take that on faith

The Independent UK

Government will meet target of 1.5m homes, says Rayner after watchdog forecast

A Conservative former minister asked Deputy Prime Minister Angela Rayner to ‘confirm’ the 1.5 million new homes target ‘has gone’.

Evening Standard

Rachel Reeves must break her fiscal rules. Better now than later

There is already arguably too little flexibility in the chancellor’s budget plan. Trump’s tariffs chaos makes a rethink inevitable

The Guardian - UK

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True scale of welfare cuts ‘closer to £9bn’, experts warn

Experts warn 100,000 more people plunged into poverty by cuts than government previously estimated

The Independent UK

Fact check: Economic growth is forecast to slow in 2027 and 2028

Growth is not expected to go up in 2027 or 2028, although the economy will continue to grow.

Evening Standard

Extra 400,000 people to be signed off as unfit for work under Labour’s welfare reforms, government admits

Work and Pensions Secretary Liz Kendall has insisted the changes are needed to fix the ‘broken’ system left by the last Conservative government

The Independent UK

How might Trump tariffs affect UK business on ‘Liberation Day’?

Analysis: Sweeping changes set to affect the UK and ultimately large parts of the world

The Independent UK

‘Very limited’ tariff war could be ‘mildly positive’ for UK, suggests OBR member

MPs were told there could be a scenario where some things become cheaper in the UK, but most possible outcomes are still ‘negative’.

Evening Standard

Spending more on benefits would be ‘wrong approach’, Jackie Baillie says

Scottish Labour’s deputy leader defended the UK Government’s welfare cuts as she said the rise in the benefit bill is ‘unsustainable’.

Evening Standard

Planning changes offer a bright spot for Rachel Reeves – but grey areas exist

OBR’s verdict of a long-term 0.4% boost to GDP from fewer building restrictions will have real political impact but there are gaps in funding

The Guardian - UK

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The Guardian - UK

The storm-battered chancellor needs her nextdoor neighbour to be a steadfast friend

Even if the UK manages to dodge the worst of Donald Trump’s tariffs, we will still suffer from the fallout of a global trade war

The Guardian - UK

Who is running Britain’s economy – Rachel Reeves or Donald Trump?

The chancellor’s careful calculations for her spring statement are likely to be blown out of the water by a looming US trade war

The Guardian - UK

MPs to vote on disability benefit cuts without knowing ‘full impact’

Britain’s economic watchdog may not publish forecast of employment prospects until the end of October

The National (Scotland)

'It's a gamble': Economist gives verdict on UK Government benefit cuts

The UK Government is unlikely to see a boost in employment rates on the back of making cuts to disability benefits, an economic expert has said.

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The Guardian - UK

From more tax to rewriting budget rules: six alternative ways Rachel Reeves could raise money

The chancellor has been slated by politicians, the public and campaigners for pushing ahead with brutal welfare cuts – but there were other options

The National (Scotland)

Media must challenge UK Government 'lines' on benefit cuts, says minister

Mainstream media organisations have been warned by a Scottish minister about creating "stigma" around benefit claimants by not challenging…

The Fashion Central

'Are They on Magic Mushrooms?!' Richard Tice Slams Budget Forecasts as Rachel Reeves Faces Explosive Backlash

Evening Standard

UK economy eked out growth at the end of 2024, figures confirm

This is unrevised from the ONS’s first estimate, confirming a picture of a sluggish economy over the second half of the year.

Evening Standard

New workers’ rights plan is anti-business and will harm growth, critics warn

Shadow business minister Lord Hunt of Wirral argued that Labour’s 299-page Employment Rights Bill should be called the Unemployment Bill.

The Independent UK

Is this the new austerity? What the numbers say

With the chancellor announcing around £4.8 billion of cuts to welfare spending over the next five years, Alicja Hagopian looks at whether the UK is returning to the austerity policies of ther 2010s

The Independent UK

No evidence Labour welfare cuts will get more people into work, OBR says

The spending watchdog’s says it was not provided with an analysis of how the reforms could boost employment

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