The Latest Breaking News from OBR

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

Chancellor says Treasury will be ‘pragmatic, not ideological’ amid claims the policy would not raise predicted £2.6bn

Exclusive: Watchdog may conclude that emigration of wealthy individuals could actually cost Treasury revenue

Since 2019, real-terms spending on health-related benefits in Britain has increased by £12 billion and is set to continue growing, according to a new report from the Institute for Fiscal Studies. However, comparable countries, such as France, Australia and the US, have not experienced similar increases in spending.

They believe the Chancellor may raise inheritance, pension and capital gain taxes

Ministers should stop wasting their time – and their hefty mandate – trying to make failed Tory policies work

Britain’s ageing population, climate change and rising geopolitical tensions all expected to put pressure on Treasury, OBR says

OBR report is not all doom and gloom, but preventing debt rising to 274% of GDP would require tough action

Public finances under pressure from ageing population, climate crisis and security risks, OBR report says