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The Latest Breaking News from OBR

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

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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

‘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

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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

The Independent UK

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.

Evening Standard

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 Guardian - 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 Independent 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

The Guardian - UK

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

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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’

The Guardian - UK

‘I don’t live in a mansion. It’s a 1930s house’: Richmond residents react to council tax rise

Rachel Reeves’s new council tax surcharge on homes worth £2m or more earns mixed reception in well-heeled London borough

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news in one place.

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The Guardian - UK

Warning of £20bn timebomb as Reeves switches Send funding in England to education department

Councils welcome move but OBR says it is significant fiscal risk equivalent to 4.9% real fall in spending per pupil

The Guardian - UK

Rachel Reeves’s budget has inflamed, not calmed, Britain’s febrile mood

The chancellor’s statement will be remembered for the many taxes it raised, rather than the big one – income tax – it did not, says Guardian columnist Martin Kettle

The Independent UK

‘You will be worse off’: Martin Lewis reveals what Rachel Reeves’s Budget will mean for your wallet

The chancellor unveiled £26 billion worth of tax hikes to close a large hole in the public finances

The Independent UK

Chancellor to face more questions after Budget overshadowed by major leak

The Chancellor’s decisions put Britain on course for a record tax burden as she hiked levies.

Evening Standard

'You won't write my obituary': Under-fire Reeves hits back at critics of her tax and benefits Budget

The Chancellor’s statement put Britain on course for a record tax burden as she hikes levies

Evening Standard

'Chilling effect' of Budget briefings cost London jobs, say bosses as Reeves defends her tax and spend plans

They also warned the Chancellor’s measures would have ‘little to no impact on growth in the round’

The Guardian - UK

Rachel Reeves targets UK’s wealthiest in £26bn tax-raising budget

Chancellor axes two-child benefit cap and cuts energy bills paid for by mansion tax and freezing tax thresholds

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