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The Latest Breaking News from OBR

Looming D-Day announced for Truss mini-Budget after crunch 48-minute meeting with experts

The Office for Budget Responsibility (OBR) will deliver a forecast to the Chancellor next week after emergency talks with Liz Truss and Kwasi Kwarteng in Downing Street - but it won't be published until November

Daily Mirror

UK fiscal watchdog to release analysis of tax-cutting plan

The U.K.’s Office of Budget Responsibility says it will deliver an initial analysis of the government’s economic plan on Oct. 7 following a meeting Friday with Prime Minister Liz Truss

The Independent UK

Watchdog to deliver verdict on budget next week but Kwarteng won’t publish it

Chancellor sticks to guns by refusing to release OBR analysis on ‘impact’ of tax-slashing package until November

The Independent UK

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Thousands face £10k mortgage blow in London

Warning as Prime Minister and Kwasi Kwarteng held OBR talks

Evening Standard

Top Tory bizarrely claims mini-Budget 'so detailed' it couldn't be assessed by watchdog

Treasury Minister Andrew Griffith suggested the Office for Budget Responsibility would have struggled to get through the 40-page document in time - directly contradicting the watchdog

Daily Mirror

Treasury minister claims OBR could not have assessed mini-budget in time

Andrew Griffith contradicts finance watchdog, saying plans too ‘chunky’ to assess before publication

The Guardian - UK

PM and Chancellor to meet budget watchdog boss as market turmoil continues

THE embattled Prime Minister and her Chancellor will meet with the head of the Office of Budget Responsibility on Friday, in the latest effort by…

The National (Scotland)

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Liz Truss to hold emergency talks with budget watchdog amid market turmoil

The Prime Minister and the Chancellor will meet with the head of the Office of Budget Responsibility today

Manchester Evening News

Treasury to delay publishing OBR forecast by six weeks after 7 October delivery – as it happened

Budget watchdog to give assessment of fiscal plans next week but public will have to wait until chancellor’s November statement

The Guardian - UK

Liz Truss plots to reduce benefits to help fund tax cuts for the rich

THE Tory government is set to cut benefits in real terms in order to fund tax cuts for the rich, according to reports.

The National (Scotland)

Pound falls after UK’s fiscal watchdog meets Liz Truss and Kwasi Kwarteng – as it happened

Pound trading 0.4% lower at $1.1066 following OBR meeting with UK PM and chancellor; economy grew in second quarter but ‘continues to slow’

The Guardian - UK

Liz Truss and Kwasi Kwarteng promise to work ‘closely’ with OBR after meeting amid market turmoil

The Prime Minister and Chancellor will “work closely” with the Office for Budget Responsibility in the coming weeks, the Treasury said

Evening Standard

Kwasi Kwarteng and Liz Truss to meet OBR chief amid UK market turmoil

Liz Truss and Kwasi Kwarteng due to meet with the head of the Office of Budget Responsibility on Friday - after days of market turmoil following Friday’s mini-budget.

Evening Standard

Liz Truss holds emergency talks with budget watchdog after failing to calm markets

Liz Truss was due to hold emergency talks with the Office for Budget Responsibility today as the Government scrambles to calm market panic in the wake of the disastrous mini-Budget

Daily Mirror

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The Independent UK

Liz Truss to hold meeting with OBR amid market alarm at mini-Budget

OBR says it offered to produce forecast for mini-Budget but Treasury declined

The Guardian - UK

Liz Truss to hold emergency talks with OBR after failing to calm markets

Exclusive: in unusual move, PM and Kwasi Kwarteng will meet fiscal watchdog after mini-budget sparked investor panic

The Guardian - UK

Treasury watchdog to ask Kwarteng to hand over growth forecasts

Tory chair Mel Stride says committee needs to hear how chancellor will boost growth, and suggests one option might be via immigration

The Independent UK

Cross-party MPs demand Kwasi Kwarteng brings forward next ‘fiscal event’

The Treasury Select Committee, chaired by an influential Tory MP, said the Chancellor should reveal his medium-term fiscal plan at the end of October.

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news in one place.

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Wales Online

Mini-budget to pile on debt interest, warns Tony Blair Institute

Kwasi Kwarteng’s growth plan included £45bn of tax cuts

The Independent UK

Chancellor’s mini-budget to pile on debt interest, warns Tony Blair Institute

It comes after days of market turmoil as traders swallowed the impact of the Chancellor’s growth plan, which included £45 billion of tax cuts.

The Guardian - UK

‘Fiscal sustainability’ plus rising borrowing costs could add up to cuts

To make the sums work, some suggest Kwasi Kwarteng may include deep spending reductions in his medium-term fiscal plan

The Guardian - UK

Half of Kwarteng’s cuts to personal tax will go to richest 5%, say experts

Thinktank says someone earning £1m will gain £40,000 as top rate, basic rate and national insurance reduced

The Guardian - UK

Friday briefing: What to expect from Kwasi Kwarteng today

In today’s newsletter: The newly appointed chancellor will deliver his first ‘fiscal event’ in Parliament today – but will it make a difference?

Wales Online

Chancellor to set out plans for ‘new era focused on growth’ in mini-budget

Kwasi Kwarteng is expected to explain how the Prime Minister's tax-cutting promises will be put into practice

Evening Standard

UK faces ‘really tough times’ admits PM Liz Truss ahead of mini-budget

The PM promised the ‘growth plan will deliver better jobs, more funding for public services and higher wages’ amid the cost-of-living crisis

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