The Latest Breaking News from OBR

The OBR's forecast of a 7% drop in living standards is to 'stretch the period of risk to retailers'

In the shadow of the Truss debacle and with hard times ahead, the chancellor faced a ‘politically impossible’ job, according to a former Tory minister. But the party’s morale is at rock bottom

The UK’s money troubles spread from inflation and higher interest rates to sluggish productivity. But how do we compare with our European neighbours?

Budget watchdog warns of 23% increase in pump costs in March if the Government doesn't step in to keep fuel duty frozen

The Chancellor has been warned not to go ahead with any rise in fuel duty, but he's said today there has been no decision made and it is not Government policy

The Chancellor, who yesterday unveiled an Autumn Statement which experts warn will inflict years of pain on millions of Brits, said it will "take time" to remove barriers affecting trade with the EU

From the highest tax burden since the Second World War, to a £250 bombshell rise for council tax payers

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…

A close look at Thursday's budget shows a string of details buried in the small print which affect everyone

Mr Hunt's statement outlined the government's response to the ongoing cost of living crisis

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