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The Latest Breaking News from OBR

Rishi Sunak’s net zero delay ‘will slash demand for electric cars’

OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38%

The Guardian - UK

Five key points of the Autumn Statement: Is a spring General Election on the cards?

CHANCELLOR Jeremy Hunt claimed the economy had “turned a corner” delivering his Autumn Statement – but analysts have cast doubt on whether…

The National (Scotland)

Hunt claims UK has ‘turned a corner’ as he slashes national insurance

With an eye on next year’s election, Chancellor Jeremy Hunt began easing the tax burden but it will still hit a record high.

The Independent UK

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A ‘live now, pay later’ autumn statement – and yet election year still looks bleak

Tax cuts are hardly unexpected when the country may soon be going to the polls. What is shocking is how little of the gloom they will relieve

The Guardian - UK

What Jeremy Hunt’s Autumn Statement means for house prices

Forecasters delivered disappointing news for homeowners as they are set to lose thousands next year

The Independent UK

OPINION - Jeremy Hunt cuts taxes – but they're still going up

There is only one activity less productive than watching the Autumn Statement, and that is watching the prime minister's questions that precedes it. Every question even tangentially related to tax and spend receives the rote reply: "I would not want to pre-empt my honourable friend the chancellor". Perish the thought.

Evening Standard

UK tax burden remains set for post-war record high, despite cuts

Nearly four million additional workers are likely to be brought into the tax system between 2022/23 and 2028/29.

The Independent UK

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Sluggish economic growth on the cards until 2027 says OBR

Watchdog says GDP will only advance by 0.7% next year compared with its previous projection of 1.8%

Evening Standard

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

OBR halves UK growth forecast and warns inflation will exceed 2% target until 2025

Despite £27bn windfall for the autumn statement, government forecaster warns of generally more difficult outlook until 2028

The Guardian - 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 Independent UK

Government may sell its NatWest stake to UK public; Grangemouth oil refinery to shut – as it happened

‘It’s time to get Sid investing again,’ Hunt says; Scotland’s sole oil refinery at Grangemouth is due to cease operations in 2025

The Guardian - UK

From tax to debt: five key issues that underpin the autumn statement

With inflation falling, the chancellor is expected to turn his attention to growing the economy

The Guardian - UK

What to expect in the autumn statement 2023

From Whitehall to welfare and pay to pensions, here is what Jeremy Hunt is likely to announce

The Guardian - UK

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The Guardian - UK

UK borrows less than expected this year as Hunt lines up giveaways

Chancellor says bringing down inflation remains one of his main aims as he prepares autumn statement

The Independent UK

Borrowing data offers boost to Chancellor’s tax cut plans

The Office for National Statistics said public sector net borrowing stood at £14.9 billion last month, £4.4 billion more than a year earlier,

The Guardian - UK

Autumn statement: where might Jeremy Hunt spend his windfall?

The chancellor is estimated to have billions to play with and has a range of options from lowering income tax to cutting inheritance tax

Evening Standard

Chancellor has 'headroom' for £15bn worth or tax cuts of new spending at Autumn Statement, analysis finds

But that doesn't include the cost of extending temporary schemes that are already in place, which is likely to take up most of the £15bn

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The Guardian - UK

What can Jeremy Hunt do with his £13bn headroom in the autumn statement?

Chancellor could try to win votes with a tax giveaway, but seems unlikely to improve the polls or the economy

The Guardian - UK

Jeremy Hunt weighing up inheritance tax cut in autumn statement

Chancellor considering move after fall in inflation and being told he will have more money to spend

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 Independent UK

Labour to put plans for strengthened OBR to Commons vote

Shadow chancellor Rachel Reeves said the plan would ‘prevent a repeat of Liz Truss’ disastrous mini-budget’.

The Guardian - UK

A property price rise in the UK could be the Tories’ last election trump card

With the market expected to improve this year, the Conservatives will doubtless seek to exploit the reliable vote-winning tool

The Guardian - UK

UK government borrowing almost £20bn lower than expected

Despite figures for six months to end of September, analysts play down chance of pre-election tax cuts

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

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