The Latest Breaking News from OBR

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

Much has been said about UK chancellor Rachel Reeves’ self-imposed fiscal rules, and her repeated assertion – which she included in the spring statement – that they are “non-negotiable”. Of course, this is true if you’re not prepared to listen to alternatives, but in the real world there is no…

A minister has refused to rule out giving tech giants a tax break in a bid to exempt Britain from US tariffs – after Donald Trump announced new…

Chancellor Rachel Reeves, whose Labour Party has promised an end to austerity, unveiled billions of pounds of new cuts on Wednesday.

Rolling coverage of the latest economic and financial news

In today’s newsletter: ​The chancellor insists on sticking to her fiscal rules, even as charities and her own backbenchers make the case for the burden to fall on the richest in society

The US president announced that cars and light trucks imported into the US would be subject to the levy in the latest escalation of the Trump administration’s far-reaching trade war

Labour is braced for a backlash from its MPs over welfare cuts called ‘appalling’ by a food bank charity

OBR says average income of 3.2 million families affected by benefits cuts will drop by £1,720 a year in real terms

Backbenchers express anger as impact assessment shows 3.2 million households will be worse off