The Latest Breaking News from OBR

Disposable income is likely to be 3.5% lower in 2024/25 than before the Covid-19 pandemic.

The Office for Budget Responsibility has reduced its forecast for electric vehicles’ share of new car sales in 2027 from 67% to 38%.

Thinktank attacks chancellor’s giveaways as OBR warns of ‘challenges’ for councils and services

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

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

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

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

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

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.

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

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