The Latest Breaking News from OBR

Higher than expected figure of £8.4bn in February could derail OBR forecast for £114.1bn deficit for 2023-24

"All models," the British statistician George Box observed, "are wrong, but some are useful." To which we now turn to the Office for Budget Responsibility, whose Brexit forecasts seem to be holding up remarkably well.

Impact of leaving EU raised by Office for Budget Responsibility in its detailed analysis of Chancellor Jeremy Hunt’s Budget

No one wants Jeremy Hunt to be Chancellor. Labour doesn’t, obviously — the party has its own candidate, albeit with largely the same spending plans and fiscal rules. Rishi Sunak doesn’t — he wants to be his own finance minister. The Tory Right still pines for Truss-onomics, the SNP doesn’t…

First-time buyers will be disappointed that some changes were not made in the Budget, some commentators said

Borrowing and stealth taxes fund £14bn giveaway, but public spending squeeze looms after election

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29

These latest tax cuts were not the gamechanger the Tories need before the election

OBR review concludes that the calculations it made about the cost of reversing the VAT free shopping scheme are still “reasonable”