Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Office for Budget Responsibility

Jeremy Hunt could ‘spare’ millions of households £500 hike in energy bills in April, say leading economists

Jeremy Hunt could spare millions of households a £500 hike in their energy bill in April given the surprise short-term boost to the public finances, leading economists said on Tuesday.

Evening Standard

The return of Fawlty Towers can’t rival the Truss comeback farce

The former prime minister’s lack of self-awareness would be comedy gold if her prose weren’t so desperately dull

The Guardian - UK

Freeze on alcohol duty to be extended to help UK hospitality industry

No increases until August 2023 despite Jeremy Hunt’s first full budget being scheduled for 15 March

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Spring budget date set for March 15

The Chancellor on Monday commissioned an Office for Budget Responsibility forecast, which will be presented alongside the budget.

The Independent UK

Chancellor Jeremy Hunt confirms spring Budget date

Office for Budget Responsibility asked to prepare a forecast

Wales Online

Spring Budget date announced as Jeremy Hunt to give statement on March 15

Chancellor Jeremy Hunt will give his Spring Budget on March 15, spelling out further the direction for the economy after he spelt out years of spending cuts in his Autumn Statement

Daily Mirror

Three charts that explain why falling living standards could deepen the UK's north-south divide

Living standards are set to fall by 7% in the UK over the next two years, according to the Office for Budget Responsibility (OBR) – the government’s independent economic forecaster – but some areas will be hit harder than others.

The Conversation

Read news from The Economist, FT, and more,
with one subscription

Starmer must tackle economic ‘disaster’ of Brexit, warn Labour grandees

Peter Hain says Labour leader must have plans ready to limit the damage caused by leaving the EU if he becomes PM

The Guardian - UK

Five-year mortgage rates drop below 6%; UK lagging G7 rivals; European stocks at three-month high – as it happened

Average five-year fixed mortgage rate has dropped below 6% for the first time in seven weeks, as OECD cuts growth forecasts

The Guardian - UK

Oil plunges to 10-month low as Saudi Arabia ‘considers Opec+ production increase’ – as it happened

Saudi Arabia and other OPEC oil producers are discussing an output increase. WSJ reports , which could help heal rift with the Biden administration

The Guardian - UK

Millions more to need benefits as recession woes bear down

The Office for Budget Responsibility forecasts a 13.4 per cent rise in people placed on health and disability benefits

The Independent UK

Rishi Sunak pinning hopes on migrant workers - but doesn't want to shout about it

Office for Budget Responsibility stats released with Chancellor Jeremy Hunt’s Autumn Statement last week revealed net migration will rise from a March estimate of 129,000 in 2026 to 205,000

Daily Mirror

Long-term sick who struggle to work set to surpass one million within two years

The small print of the Office for Budget Responsibility report published alongside Chancellor Jeremy Hunt’s Autumn Statement shows the bill for more sickness and disability benefits will cost £7.5billion a year.

Daily Mirror

Chancellor Hunt is taking voters for fools with delayed cuts

THE UK economy is in recession. Taxes are at their highest in 70 years. According to the Office for Budget Responsibility, living standards are…

The National (Scotland)

Get all your
news in one place.

100’s of premium titles.
One news app.

The Guardian - UK

The Guardian view on tax rises: a necessary change

Editorial: No one likes having to pay more, but hard times and Jeremy Hunt’s autumn statement have put the issue at the centre of politics

The Conversation

Jeremy Hunt's autumn statement is a poisoned chalice for whoever wins the next election

UK Chancellor Jeremy Hunt has produced a highly political autumn statement that throws forward major cuts in public spending to after the next general election. The accompanying economic forecast by the government’s Office for Budget Responsibility (OBR) confirms that the country is facing a recession, with unemployment rising, inflation still…

The Independent UK

Chancellor concedes Brexit made EU barriers and says migration ‘very important’

Jeremy Hunt insisted the UK would find a way to improve trading ties with the EU without rejoining the single market.

The Independent UK

Tory MPs demand fuel duty freeze amid warning of a 12p rise in March

The Office for Budget Responsibility estimated fuel duty will increase by 23% next spring under current plans.

Get all your
news in one place.

100’s of premium titles.
One news app.

Daily Mirror

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

The National (Scotland)

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…

Evening Standard

Autumn Statement post-mortem: living standards to plummet as taxes soar

If there is one figure to bear in mind amid a sea of epically bad numbers in today’s Autumn Statement and accompanying Office for Budget Responsibility (OBR) fiscal outlook, it is this: underlying public sector net debt will be £400bn (18% of GDP) higher in 2026-27 than was forecast in…

Daily Mirror

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

Manchester Evening News

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

The Independent UK

Martin Lewis gives verdict after government launches tax hiking Budget

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

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

1 2 3 4

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Office for National Statistics

Office for Budget Responsibility

91 stories

Joseph Rowntree Foundation

39 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.