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The Latest Breaking News from OBR

Starmer to back Budget amid row over Reeves’ deficit claims

Opposition figures have called for the City watchdog to investigate pre-Budget briefings about the fiscal shortfall.

Evening Standard

Rachel Reeves faces calls to quit after watchdog contradicts her £30bn ‘black hole’ warning

The Chancellor faces cross-party anger after revelations that the UK’s supposed £30bn fiscal gap was actually just £2.5bn, fuelling claims she misled voters to justify tax rises

Evening Standard

Reeves defends Budget tax and spending choices as ‘fair and necessary’

The Chancellor she had made choices to increase taxes and improve public infrastructure, and had ‘chosen to protect public spending’.

Evening Standard

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Reeves defends £26bn tax raid after Budget backlash as watchdog urged to investigate ‘false briefings’

The chancellor doubled down on her tax hikes, saying she wasn’t willing to cut public services

The Independent UK

No 10 denies Reeves 'lied to public about £21bn black hole' before budget

Conservative leader Kemi Badenoch claimed the Chancellor ‘lied to the public’ and was ‘bribing Labour MPs to save her own skin’

Evening Standard

Reeves accused of misleading public on Budget black hole to justify £26bn tax raid

Badenoch claims chancellor ‘lied to the public’ and was ‘bribing Labour MPs to save her own skin’

The Independent UK

No 10 denies Reeves misled over black hole as OBR letter challenges warnings

The Chancellor was told in October by the Budget watchdog that her spending plans would no longer incur a black hole.

The Independent UK

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No 10 denies Reeves misled public over the UK's finances ahead of Budget

Conservative leader Kemi Badenoch claimed the Chancellor had ‘lied to the public’ and should be sacked

Evening Standard

OBR challenges claims Reeves dropped income tax rise due to rosier forecasts

Official forecaster’s chair says chancellor knew about revised predictions well before her budget change of heart

The Guardian - UK

UK energy bill payers will hand £2bn a year to EDF for new power stations

French government-owned company to receive funding for Hinkley Point C and Sizewell C

The Guardian - UK

The Budget’s stealth tax phenomenon and how much it will cost you

Even when taxes don’t rise, your payments might as a result of what’s called fiscal drag

The Independent UK

From the OBR to Panorama cock-ups – what does count as a career-ending mistake these days?

IN FOCUS : Roughly one in five Brits have made what they considered a ‘critical mistake’ at work. While it may be nothing compared to the mistake at the OBR this week, which published Rachel Reeves’s budget before she had announced it, what is seen as career-ending now? Lydia Spencer-Elliott…

The Independent UK

Starmer calls two-child benefit cap a ‘failed social experiment’ that had to go

Scrapping the benefit cap will cost around £3 billion by the end of this Parliament, according to the OBR

The Independent UK

Is this the ‘change’ that Britain voted for?

THE INDEPENDENT VIEW: Editorial: Now that the dust has settled on the Budget, it becomes clearer that this government’s priorities are out of line with the national interest, insulting to many and corrosive to the public’s threadbare trust in politicians’ ability to deliver on promises

The Independent UK

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The Independent UK

‘Mortified’ OBR chief prepared to resign if Reeves loses confidence in him over Budget leak

Richard Hughes has written to the Chancellor and Commons Treasury Committee chair Dame Meg Hillier to apologise for the incident

The Independent UK

Starmer forced to deny breaking Labour manifesto as experts sound dire warning over Budget plans

Damning assessment came as chancellor and prime minister forced to defend plans and insist they did not breach manifesto promises

Evening Standard

A shackled economy, no long-term vision for growth — and no help for London

Once again the capital did not get a single mention in the Chancellor’s speech

Evening Standard

Sadly, this taxing Reeves Budget does nothing for business or growth

Labour has no ministers with any business experience and appear deaf and unsympathetic to what is required for growth.

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The Guardian - UK

Keir Starmer says Labour ‘kept to our manifesto’ over budget tax rises

PM seeks to rebuff claims government broke its promises while conceding budget ‘asked everybody to contribute’

The Independent UK

‘External person’ may have leaked Budget document link, says OBR chief

Contentious Budget was leaked nearly an hour before chancellor was set to announce it

The Guardian - UK

‘Mortified’ OBR chair hopes inquiry into budget leak will report next week

Reuters news agency says it obtained document after visiting URL it predicted file would be uploaded to

Evening Standard

Revealed: £600-a-year average income tax rise for millions with London hardest hit in Reeves Budget

The Chancellor was facing criticism that she was hitting workers with tax rises to pay for more benefits

Evening Standard

Gambling giants warn of £700 million hit from Chancellor's betting duty hikes

The OBR said it expected the changes to raise an extra £1.1 billion a year for the Treasury by 2029-30

Evening Standard

'External person' may have accessed leaked Budget document link, says under-fire OBR chief

OBR chairman Richard Hughes tells Radio 4’s Today: ‘It appears there was a link that someone was able to access - an external person’

The Guardian - UK

Starmer says budget did not break manifesto tax pledge – as it happened

PM says: ‘We kept to our manifesto in terms of what we’ve promised. But I accept the challenge that we’ve asked everybody to contribute’

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