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The Latest Breaking News from OBR

The greatest mystery of modern politics? Liz Truss’s self belief

The former prime minister is teaching us a lot about narcissism in her new memoir, and it’s hard to tear your eyes away

The Guardian - UK

For the birds? Far from it. At last Rachel Reeves has given Britain a plan for economic liftoff

Despite being called continuity Hunt, the shadow chancellor has set out a proposal for meaningful change

The Guardian - UK

UK government borrows more in February than forecast with highest debt since 1960s

Higher than expected figure of £8.4bn in February could derail OBR forecast for £114.1bn deficit for 2023-24

The Guardian - UK

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OPINION - All models are wrong (except the Office for Budget Responsibility's Brexit forecasts)

"All models," the British statistician George Box observed, "are wrong, but some are useful." To which we now turn to the Office for Budget Responsibility, whose Brexit forecasts seem to be holding up remarkably well.

Evening Standard

How to survive UK mortgage turmoil as rates go up and deals are pulled

Homebuyers have to try to navigate their way to an affordable deal with no help in the budget to ease the pain

The Guardian - UK

Immigration is good for tax receipts - and five other things we learned from the budget

Just one of the messages that may surprise fans of Britain’s chancellor

The Guardian - UK

UK Budget: Hunt sticks to what was expected, and markets are grateful for that

City Voices: The pressure is on the Bank of England to get it right

Evening Standard

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Business leaders’ tourist tax fury is a gift for Starmer

City Comment: It’s not yet clear what Labour would do about the tourist tax, but retail bosses fed up with Sunak and Hunt have strarted turning to Starmer and Reeves for salvation

Evening Standard

Brexit hitting UK economy and damage set to worsen with new trade barriers, Budget watchdog warns

Impact of leaving EU raised by Office for Budget Responsibility in its detailed analysis of Chancellor Jeremy Hunt’s Budget

Evening Standard

OPINION - Jeremy Hunt's Budget sold us the Big Lie of British politics — that we can afford our spending

No one wants Jeremy Hunt to be Chancellor. Labour doesn’t, obviously — the party has its own candidate, albeit with largely the same spending plans and fiscal rules. Rishi Sunak doesn’t — he wants to be his own finance minister. The Tory Right still pines for Truss-onomics, the SNP doesn’t…

Evening Standard

‘Missed opportunities’ to help first-time buyers in the Spring Budget 2024

First-time buyers will be disappointed that some changes were not made in the Budget, some commentators said

Evening Standard

Budget 2024: UK taxes head for highest level since 1948 despite Hunt’s NI cut

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

The Guardian - UK

Chancellor to raise UK government borrowing to fund budget measures – OBR

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29

The Guardian - UK

Jeremy Hunt’s last budget before an election – but not his last roll of the dice

These latest tax cuts were not the gamechanger the Tories need before the election

The Guardian - UK

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Evening Standard

Furious West End bosses condemn "staggering" decision not to scrap "tourist tax" in the Budget

OBR review concludes that the calculations it made about the cost of reversing the VAT free shopping scheme are still “reasonable”

The Guardian - UK

Budget 2024 live: Jeremy Hunt cuts national insurance, abolishes non-dom status and raises child benefit threshold – as it happened

NI cut of 2p announced, along with new tax on vapes, end of tax relief for holiday lettings and more cash for NHS IT system

The Guardian - UK

Wednesday briefing: What’s in Hunt’s spring budget – and how will he pay for it?

In today’s newsletter: As the chancellor presents a plan aimed at satisfying the Tory faithful, we look at what he will do and what it will mean for you

The Guardian - UK

What to expect from Jeremy Hunt’s spring budget

The chancellor’s biggest giveaway is likely to be a further cut to national insurance contributions

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The Guardian - UK

Budget in five charts: what will underpin Jeremy Hunt’s statement?

Falling inflation and so-called fiscal headroom will guide a chancellor keen to heed calls from Tories for tax cuts

The Guardian - UK

What are the UK’s ‘fiscal rules’ and why is the OBR under attack?

The Treasury watchdog is seen by some Tories as a block to tax cuts – and could be ignored by Jeremy Hunt

The Guardian - UK

The Guardian view on Treasury fiscal rules: no way to run a country

Editorial: Instead of sticking to arbitrary limits, politicians should be able to make the case for spending on urgent social repair

The Guardian - UK

Hunt scrambles to raise revenue as OBR slashes scope for tax cuts in budget

Chancellor considers unexpected tax rises such as abolishing non-dom status after latest forecast

The Guardian - UK

Labour in power faces dire economic inheritance, says Rachel Reeves

Shadow chancellor criticises Tory years of failure and says national mission is needed to kickstart economy

Evening Standard

OPINION - Jeremy Hunt's pre-election Budget runs into economic reality

Hollywood adores a franchise. The 10 highest-grossing movies of 2022 were all either sequels or reboots and the reason is pretty obvious: return on investment.

Evening Standard

The Chancellor will be economical with the truth in the Budget

City Voices: Tough choices await after the election

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