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The Latest Breaking News from OBR

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

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

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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

The Guardian - UK

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

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The Chancellor will be economical with the truth in the Budget

City Voices: Tough choices await after the election

Evening Standard

Public finances in record surplus in January as debt interest costs plummet

Public sector collected £16.7 billion more in tax than it spent during the month, ONS figures show

Evening Standard

Hunt knows he must scrap the ‘tourist tax’. But the politics are tricky

City Comment: The OBR might offer the Chancellor a way to present his U-turn as in the interests of UK plc as a whole, not just London

Evening Standard

Jeremy Hunt urged to scrap 'tourist tax' within weeks in Budget and give London significant economic boost

Jeremy Hunt was urged on Monday to scrap the “tourist tax” within weeks and give London a significant economic boost.

Evening Standard

Tax-free shopping for tourists in UK may return as government eyes rethink

Government spending watchdog asked to review costs and benefits of then chancellor Rishi Sunak’s 2020 ‘own goal’ decision

The Guardian - UK

What state are government finances in and what legacy is Reeves likely to inherit?

Hunt has steadied the ship, but some may question whether there is really fiscal room for tax cuts

The Guardian - UK

Head of OBR says lack of budget details led to ‘work of fiction’ forecasts last year

Richard Hughes criticises lack of information from government about public spending plans

The Guardian - UK

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The Guardian - UK

Jeremy Hunt has room for £20bn tax cuts after borrowing halves year on year

December deficit is less than expected at £14bn – the lowest for the month since 2019

The Guardian - UK

Britain is crying out for more investment. Here’s why Labour shouldn’t worry about spending big

Investing in projects such as green schemes could boost growth and make public finances more sustainable. In other words, it’s a no-brainer, says economist Carsten Jung

The Guardian - UK

Five charts explaining the UK’s economic prospects in 2024

As we enter an election year, how will the effects of inflation, weak GDP growth, unemployment, tax cuts and rising housing costs sway voters’ intentions?

The Guardian - UK

Sunak challenged by watchdog over claim to have cut public debt

Statements by PM may have undermined trust in government’s use of statistics, says regulator

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The National (Scotland)

Top experts 'lay bare Tories' economic ineptitude' ahead of Scottish Budget

KATE Forbes has highlighted “critical quotes” from experts at the Office for Budget Responsibility (OBR) ahead of the announcement of the next…

The Guardian - UK

Jeremy Hunt’s debt reduction plan ‘a very big fiscal risk’, says OBR

Treasury’s independent forecaster says uncertain spending plans and higher than expected inflation could scupper cuts

The Guardian - UK

UK’s flagship post-Brexit trade deal worth even less than previously thought, OBR says

Office for Budget Responsibility says UK entry into the Indo-Pacific agreement will add just 0.04% to GDP in the long run

Evening Standard

House price forecast: almost 5 per cent fall expected in 2024, Office for Budget Responsibility documents show

Average house prices will fall next year says a new report – but property is more complex to predict than simple averages warn experts

The Independent UK

Hunt’s tax cuts mean interest rates won’t drop until summer 2024, economists warn

National insurance cut risks Bank of England being more ‘hawkish’ in battle against inflation

The Guardian - UK

Which public services will suffer most to pay for Tory tax cuts?

Already squeezed criminal justice system, schools and local government would face painful cuts if chancellor’s sums are to add up

The Conversation

What the UK government's back to work plan covers – and why it is unlikely to boost people's job prospects

Ahead of the UK government’s latest economic statement, the chancellor, Jeremy Hunt, and the secretary of state for work and pensions, Mel Stride, unveiled a new employment support package dubbed the back to work plan.

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