The Latest Breaking News from OBR

Chancellor Jeremy Hunt has been speaking in Parliament about his plans to try and stabilise the UK economy

Britain faces a record hit to living standards this year as surging inflation erodes incomes, the country's budget forecasters warned, after finance minister Jeremy Hunt announced more pain, with tax rises now and spending cuts further ahead.

The Scottish Government is set to receive around an additional £1.5bn over 2023-24 and 2024-25

The Chancellor said inflation was predicted to fall next year

Jeremy Hunt is announcing his financial update – here are the main points, with political analysis

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided…

Trade secretary had dismissed predictions by Office for Budget Responsibility

What can we expect from the first major economic intervention from Jeremy Hunt and Rishi Sunak which is set for November 17.

CHANCELLOR Jeremy Hunt has delayed the Autumn Statement until next month following the appointment of Rishi Sunak as Prime Minister.

The Truss-Kwarteng blunders have seen off any hope that people-friendly policies will be pursued

In a night emblematic of Liz Truss’s chaotic premiership, confusion reigned in parliament as an opposition day motion on the contentious issue of fracking became a confidence vote in her leadership. Labour MPs reported seeing Conservatives being manhandled and “bullied” into the chamber by government whips – who reportedly attempted…