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The Latest Breaking News from OBR

UK Pensioners And Netizens Slam 'Double Whammy' As Energy Bills And Budget Cuts Loom

Analysis shows that energy bills this winter will be the highest on record for older people who previously received a winter fuel payment of up to £300.

International Business Times UK

Read Keir Starmer's speech in full after 'painful' Budget warning

READ the full speech after Keir Starmer warned that the Labour government's first Budget, which is due in late October, will be "painful"…

The National (Scotland)

Rachel Reeves 'considering spending cuts and tax hikes as growth fails to deliver'

RACHEL Reeves is reportedly planning to hike taxes and stick with Tory spending cuts as economic growth fails to ease pressure on the public…

The National (Scotland)

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Reeves can point to ONS public finances report as cover for a harsh budget

October review is expected to be eye-wateringly severe, but chancellor will draw on official data to make her case

The Guardian - UK

Rachel Reeves planning to raise taxes and cut spending in October budget

Chancellor insists she still has large black hole to fill despite stronger than expected growth in first half of 2024

The Guardian - UK

Reeves accuses Hunt of £22bn lie; nonsense, he says. What’s the truth?

Shadow chancellor says successor confected story of ‘black hole’ to distract from tax rises, but things are not clearcut

The Guardian - UK

Reeves and Hunt come to brink of fisticuffs over mysteriously absent £22bn

The chancellor blames her predecessor for everything, including her reinvention as a Ministering Angel of Death

The Guardian - UK

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Pensioners hit by Reeves’s plan to fill £22bn black hole

Pensioners take the brunt of early spending cuts as Rachel Reeves delivers a brutal assessment of the nation’s finances

The Independent UK

Rachel Reeves is pulling off a transparent political manoeuvre. But she’s not entirely wrong

The Tories really did leave Britain in a fiscal hole. But austerity cannot be the remedy, writes economics and public policy professor Jonathan Portes

The Guardian - UK

How bad are Britain’s finances? Key questions and answers on the state of the economy

Several factors restrict the Labour government’s room for manoeuvre in its agenda for growth, writes Phillip Inman

The Guardian - UK

Rachel Reeves issues warning after minister claims finances 'worse than we thought'

RACHEL Reeves has warned she will have to make “difficult decisions” following claims from a minister that the UK's finances are "worse…

The National (Scotland)

The king’s speech sounded a bit like Labour governments of old. But only a bit

There is to be action but not a tax-and-spend splurge – just patient changes that will take time to pay off

The Guardian - UK

King’s speech 2024: experts explain new government’s plans for workers’ rights, rail nationalisation, housebuilding and more

The king’s speech has been delivered, marking the state opening of parliament (technically, this was the first king’s speech with a Labour government in 74 years). The speech was written by Keir Starmer’s government, not the king, and lays out the government’s agenda for the coming year. Here, a team…

The Conversation

The chancellor has tied her own hands with her fiscal rules – here’s why she should change them

The new government has made boosting economic growth its central goal. Chancellor Rachel Reeves wasted no time in announcing changes to the planning system designed to encourage more housebuilding and infrastructure investment.

The Conversation

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The Guardian - UK

Labour drafts options for wealth taxes to ‘unlock’ funds for public services

Exclusive: Sources say changes to inheritance tax and capital gains tax are being discussed

The Independent UK

General election manifestos: Where do the main parties stand on key areas from NHS to immigration

The Independent’s guide to all the major party manifestos ahead of the general election

The Guardian - UK

Labour pledges to strengthen economic watchdog within first 100 days

Exclusive: Changes early in expected new government intended to stop repeat of catastrophic Truss mini-budget

The Guardian - UK

Amid the Tories’ fiscal disasters, one change has quietly warped how we see public spending for ever

The Tory-created OBR buoyed David Cameron but sunk Liz Truss. After the election, it may become Labour’s problem, says economics professor Jonathan Portes

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Evening Standard

This is why business is not excited about this election

City Comment: Political parties are not being straight with us about the fiscal constraints and trade-offs we face

The Conversation

Liz Truss’s mini-budget looms large in the election campaign – here’s why it was such a disaster

The words “Liz Truss” and “mini-budget” have become shorthand for financial recklessness and economic chaos. But what was it about the former prime minister’s economic management that was so disastrous?

The Guardian - UK

No budget until September if Labour wins election, says Reeves

Shadow chancellor insists no additional tax rises will be needed beyond ones already announced by the party

The Guardian - UK

Jeremy Hunt’s tax cut plans face setback as government borrowing tops £20bn

ONS says budget deficit £1.5bn higher than previous year due to increased spending on benefits and weaker tax revenues

The Guardian - UK

Tories might not hold autumn statement pledging more tax cuts before election

With public finances in a worse position than expected, chancellor Jeremy Hunt is considering pushing back further pledges

The Guardian - UK

Ten Years to Save the West by Liz Truss review – economical with the truth about her own downfall

The former PM’s whingeing, unintentionally hilarious and scapegoating rant about the economy-crashing disaster of her time in No 10 is best read as a cautionary tale of hubristic zeal

The Guardian - UK

Trussonomic lessons: what can be learned from former PM’s book?

The anti-growth coalition, Bank of England and the OBR are among those under fire from Liz Truss

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