The Latest Breaking News from OBR

Income tax and national insurance contributions are the main drivers behind the jump in the overall tax burden

Not even six months on from Labour’s first budget, and the world is a much-changed place. Geopolitical tensions and uncertainties, already high last year, have risen further, and with them the cost of the UK’s debt, while economic growth has stalled. As such, Chancellor Rachel Reeves has confronted an array…

The money expert focused on household income and rumoured ISA changes in his initial reaction

The chancellor insisted families would be better off even as further welfare cuts were announced

The chancellor has revealed how benefits will be changing for millions of claimants

Charities had already reported a surge in calls and visits to their advice pages following a welfare reform announcement last week.

The Chancellor said to be at the ‘mercy of events’ by not building up a bigger fiscal cushion

Disposable income growth will vary significantly around the 0.5% five-year average, the OBR said.

Britain's Chancellor of the Exchequer Rachel Reeves has laid out the latest on UK public finances. Her statement arrives at a moment when the nation needs to find billions to boost defence spending against the backdrop of an ailing economy. Here are the key takeaways.

Chancellor was able to point to glimmers of hope in spring statement despite economic growth forecasts being slashed

Treasury watchdog halves growth forecast to 1% for 2025 in report issued alongside spring statement