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The Latest Breaking News from OBR

House prices forecast to fall over next two years

It comes as the government announced the stamp duty cuts announced in September's mini-budget will remain in place until 2025.

Manchester Evening News

House prices to fall by 9% as mortgage rates rise and stamp duty cut ends, experts warn

The typical house will drop in value by almost 10% by 2024, the Office for Budget Responsibility says, with property prices expected to start falling from later this year

Daily Mirror

Autumn budget key points at a glance and what it means for you

Chancellor Jeremy Hunt announced a wave of new economic measures on Thursday

Manchester Evening News

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Autumn statement 2022: Grim historic milestones facing the UK economy

Living standards are set to slump back to levels last seen in 2013/14.

The Independent UK

Net migration to stay over 200,000, despite Sunak’s pledge to cut numbers

Post-Brexit visa rules far more generous than expected, Treasury watchdog says – posing problem for prime minister

The Independent UK

UK Budget leaves Scotland with 'no hope' of helping those most in need, says Swinney

THE Chancellor's budget announcements leave the Scottish Government with 'no hope' of helping those most in need when it comes to setting its own…

The National (Scotland)

How long will the UK recession last and other top questions about the autumn statement answered

Chancellor Jeremy Hunt’s autumn statement has caused a spike in Google searches about the economy

Wales Online

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Welsh business leaders and political parties have their say on Autumn Statement

The OBR concluded the UK is now in recession and was facing an increase in unemployment

Birmingham Post

House prices expected to fall by 9% over next two years, says OBR

Stamp duty cuts previously announced in the mini-budget will remain in place but only until March 31 2025.

The Independent UK

How long will the recession last in the UK?

The answers to some of the top trending questions following the Chancellor’s autumn statement.

The Independent UK

What does the Autumn Budget mean for house prices?

The OBR predict that house prices will fall by 9 per cent between end of 2022 and third quarter of 2024

The Independent UK

Disposable income set for biggest drop since 1956, watchdog warns

The Office for Budget Responsibility (OBR) shared its grim outlook after Chancellor Jeremy Hunt outlined billions of pounds of stealth taxes and cuts

Daily Mirror

How long will the UK recession last?

The government unveiled a series of economic plans to tackle the cost of living crisis and soaring inflation

Manchester Evening News

Martin Lewis gives verdict after government launches tax hiking Budget

Jeremy Hunt acknowledged there will be a ‘very big fall’ in living standards

The Independent UK

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Evening Standard

Living standards to plummet over next two years, warns OBR with tax burden highest since WW2

Real household disposable income per person is expected to drop by more than seven per cent by 2024 - wiping out a decade’s worth of gains

Wales Online

More than half of households are worse off after today's budget says Treasury

The autumn statement saw tax rises and spending cuts

Evening Standard

OBR: Brexit has had ‘significant adverse impact’ on UK trade

The Office for Budget Responsibility also forecast payments of £18.9 billion to Brussels under the terms of the Brexit financial settlement

The Guardian - UK

Worst fall in UK living standards since records began, says OBR

Spending watchdog says Britain is in recession and unemployment will rise by 500,000

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Evening Standard

Autumn Statement 2022: Key points from Jeremy Hunt’s speech

The Chancellor said his priorities were stability, growth and public services as he delivered the autumn statement

The Independent UK

Autumn Budget 2022: All the key points from Jeremy Hunt’s statement

Chancellor sets out plan to ‘rebuild our economy’

Daily Record

Autumn Statement: 5 things Scots need to know from Jeremy Hunt's tax rising budget

The Chancellor of the Exchequer said there would be a "shallower downturn" as a result of his measures.

Daily Mirror

Autumn Statement 2022 summary: All Jeremy Hunt's announcements at a glance

Jeremy Hunt laid out billions of pounds of stealth taxes, while making the Energy Price Guarantee less generous, with average energy bills rising to £3,000 rather than the previous £2,500

Wales Online

At a glance: Key points from Chancellor Jeremy Hunt’s autumn statement

The Chancellor said his priorities were stability, growth and public services as he delivered the autumn statement

Nottingham Post

More UK workers to pay increased tax, Jeremy Hunt confirms

Chancellor Jeremy Hunt has been speaking in Parliament about his plans to try and stabilise the UK economy

Reuters

UK faces record hit to living standards as tax hikes loom

Britain faces a record hit to living standards this year as surging inflation erodes incomes, the country's budget forecasters warned, after finance minister Jeremy Hunt announced more pain, with tax rises now and spending cuts further ahead.

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