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The Latest Breaking News from OBR

Welfare cuts and growth slump: The key points from Rachel Reeves's Spring Statement

CHANCELLOR Rachel Reeves has used her Spring Statement to announce a series of public spending cuts ...

The National (Scotland)

Inflation to rise to 3.2% for 2025 as growth forecast slashed – OBR

The Office for Budget Responsibility (OBR) said on Wednesday that it expects UK gross domestic product (GDP) to rise by 1% in 2025.

Evening Standard

Inflation to rise to 3.2% for 2025 as OBR slashes growth forecast

The Government’s official forecaster has also warned that interest rates are set to stay higher for longer

The Independent UK

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Spring statement: Reeves blames ‘global uncertainty’ for deeper spending cuts

Chancellor says tougher measures required to plug fiscal hole after Treasury watchdog halves 2025 growth forecast

The Guardian - UK

Spring statement at a glance: What was in Rachel Reeves’ announcement?

The Chancellor has made moves to reduce spending across Government.

Evening Standard

Rachel Reeves unveils fresh welfare cuts as growth forecast halved

RACHEL Reeves has set out further cuts to social security benefits as she confirmed the UK’s growth forecast for this year has been halved.

The National (Scotland)

Spring Statement 2025: More benefits cuts and crackdown on tax avoiders announced as growth forecast halved

Rachel Reeves confirmed the Office for Budget Responsibility had revised the UK’s growth forecast for 2025 from 2% in the autumn to just 1% today

Evening Standard

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Late data from one business means UK wage growth may need to be revised, says ONS

Caveat from statistics agency is latest sign of its problems collecting reliable economic data

The Guardian - UK

Rachel Reeves set to announce further benefit cuts in Spring Statement

RACHEL Reeves is expected to announce further cuts in her Spring Statement on Wednesday, with more funding for the welfare budget expected to be…

The National (Scotland)

Rachel Reeves ‘set to impose further welfare cuts worth £500m’

The Office for Budget Responsibility is said to have rejected the Treasury’s saving estimates from last week’s welfare cuts, paving the way for even more difficult choices

The Independent UK

Reeves poised to make further welfare cuts as budget watchdog gives its verdict

Chancellor Rachel Reeves will acknowledge she needs to go ‘further and faster to kickstart growth’ in her spring statement .

The Independent UK

Five economic factors that will govern Rachel Reeves’s spring statement

The chancellor will deliver her spring statement on Wednesday, warning of tough spending cuts amid rising government borrowing costs

The Guardian - UK

Reeves to address grim economic outlook as she faces budget watchdog’s verdict

Fiscal watchdog the OBR is reported to have warned that welfare cuts will not save ministers the £5 billion they had expected.

Evening Standard

Further benefits cuts planned as Rachel Reeves forced to find extra £1.6bn

Chancellor risks wrath of Labour backbenchers with spring statement set to confirm deeper cuts

The Guardian - UK

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Evening Standard

Rachel Reeves to announce extra £2.2billion defence spending in Spring Statement

Ms Reeves will insist the spending is the ‘right decision in a more insecure world’

The Independent UK

Reeves gets budget watchdog’s verdict as she hunts for elusive economic growth

Chancellor Rachel Reeves will set out how she will balance the books against a backdrop of economic stagnation.

The Guardian - UK

What are Rachel Reeves’s fiscal rules and could they be changed?

What are the economic constraints that underpin the chancellor’s spring statement – and why does she see them as vital?

The Independent UK

Budget 2025: What time is the Spring Statement – and what will be in it?

There have been several big policy announcements in the run-up to the event, most recently welfare changes to achieve £5 billion in spending cuts by 2029/30

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The National (Scotland)

Pressure on Rachel Reeves as borrowing rises and 'economic growth forecast halved'

PRESSURE is piling on Chancellor Rachel Reeves as UK Government borrowing soared above forecasts last month – and reports say growth forecasts…

The Guardian - UK

‘Does it score?’ How the OBR became the key arbiter of the Treasury’s sums

Chancellor has very little headroom within her fiscal rules but is keen to keep Office for Budget Responsibility on side

The Independent UK

Jeremy Hunt hits out at ‘hyperbolic’ Brexit claims of backers like Boris Johnson

Ex-chancellor criticises ‘hyperbolic’ projections as report which claims economic impact of leaving the European Union less than previously thought

The Guardian - UK

Keir Starmer to unveil drastic disability benefit cuts despite opposition

Changes could deny benefits to people who need help to wash or to remember to go to the toilet

The Independent UK

How much does the UK spend on welfare?

Spending in 2023/24 was equivalent to 10.9% of gross domestic product, or the total value of the economy.

The Guardian - UK

Former Bank of England deputy warns Rachel Reeves against kneejerk cuts

Charlie Bean says OBR forecasts are ‘flaky’ and cautions against trying to hit targets five years away

The Guardian - UK

Dear Rachel Reeves: if there is no alternative to cuts, at least do them with care

As Labour prepares to wield the axe, it must avoid causing more harm to those on benefits, writes Guardian columnist Polly Toynbee

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