The Latest Breaking News from OBR

Prime Minister Keir Starmer has promised to “rip out the bureaucracy that blocks investment” in the UK. He was speaking at his government’s first international investment summit, an attempt to encourage the finance and business worlds to put more money into the country.

Exclusive: Chancellor’s plan to change rules to allow more borrowing comes as cost of government debt rises

The chancellor has signalled that she may change some of the government’s fiscal rules in her speech. What are they – and what could that mean?

Labour is planning to use money gained in scrapping tax breaks for the super rich to pump into public services but there are fears many may quit the UK

Chancellor hopes to open up more spending headroom in budget by arguing changes could drive up growth

Exclusive: Watchdog may conclude that emigration of wealthy individuals could actually cost Treasury revenue

Since 2019, real-terms spending on health-related benefits in Britain has increased by £12 billion and is set to continue growing, according to a new report from the Institute for Fiscal Studies. However, comparable countries, such as France, Australia and the US, have not experienced similar increases in spending.

They believe the Chancellor may raise inheritance, pension and capital gain taxes

Ministers should stop wasting their time – and their hefty mandate – trying to make failed Tory policies work