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The Latest Breaking News from OBR

Cuts, tax rises and doing nothing: Rachel Reeves’ options to tackle economic woe

Labour’s fiscal rules may limit the chancellor’s ability to act, but waiting it out may be the best option

The Guardian - UK

Why rising bond yields are rattling Rachel Reeves

Chancellor in danger of breaking fiscal rules after cost of servicing UK 10-year debt rises to highest level since 2008

The Guardian - UK

Reeves faces spending wrangles and a search for growth in 2025

Rachel Reeves faces an unenviable situation as the new year begins.

The Independent UK

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Reeves may have to U-turn over no more tax rises, warn economists

Dramatic economic slowdown means chancellor could face lower receipts and higher borrowing costs in 2025

The Guardian - UK

Brexit cost UK £27bn in lost trade in first two years, review finds

Despite fall in trade, LSE study says overall impact was more limited than OBR forecasters first estimated

The Guardian - UK

Chancellor commissions OBR forecast ahead of spring statement

The forecast, published on March 26, will be accompanied by a statement from Rachel Reeves.

Evening Standard

Shadow chancellor warns Reeves over EU ties after Bank chief says Brexit harming economy – as it happened

Mel Stride said there must be no suggestion of the UK going back into the EU single market or customs union

The Guardian - UK

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Treasury denies breaking law over ‘black hole’ in public finances

The way information is provided to the Office for Budget Responsibility is being changed following issues in March.

The Independent UK

Treasury denies breaking law over 'black hole' in public finances

The way information is provided to the Office for Budget Responsibility is being changed following issues in March

Evening Standard

‘Budget emperor has no clothes’ says shadow minister as MPs continue debate

The final day of debate on Labour’s first Budget in 14 years is taking place in the Commons.

The Independent UK

Rachel Reeves gives top official vote of confidence in row over Budget black hole cover-up

Exclusive: The chancellor gave officials a vote of confidence ahead of she and her Treasury permanent secretary James Bowler facing questions from MPs today

The Independent UK

UK politics live: Davey accuses Badenoch of ‘cheerleading’ for Trump after Starmer snubs her call for apology

Lib Dems leader Ed Davey has Kemi Badenoch ‘s support for Trump shows she doesn’t reflect British values

The Independent UK

Bombshell claim Rishi Sunak's government 'didn't follow law' on revealing scale of UK public finances crisis

The allegation came from the independent Office for Budget Responsibility

Evening Standard

Jeremy Hunt’s Treasury may have broken the law by hiding Budget black hole, says OBR

£9.5bn spending gap wasn’t disclosed, ‘which under the law ... they should have done’, says fiscal watchdog

The Independent UK

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The Guardian - UK

Treasury may have broken law by failing to reveal £9.5bn spend in Tory budget, MPs told

Head of OBR says spending commitment would have ‘materially changed’ its forecast on Jeremy Hunt’s pre-election budget

Evening Standard

Spending on projects early could lead to higher costs in the end – OBR chief

Richard Hughes was speaking to a cross-party committee of MPs on Tuesday.

The Guardian - UK

OBR moving to ‘trust but verify’ relationship with Treasury after ‘black hole’ row – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Worst of Britain’s Brexit pain is still to come, admits Treasury minister

Exclusive: In a damning assessment of Britain’s departure from the European Union, Treasury minister Tulip Siddiq said 60 per cent of the economic impact of Brexit is yet to materialise

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The Guardian - UK

Investment drives growth. That’s why gloomy forecasters are so wrong about the budget

The Office for Budget Responsibility’s extreme conservatism means it has woefully underestimated the impact of Labour’s public spending plans

The Guardian - UK

The Observer view: a bold budget that’s the right response to years of neglect

Rachel Reeves’s spending plans signal a welcome break with the past and underline the scale of the challenges facing Britain

The Guardian - UK

Is austerity over? Will farmers lose out? Six big questions about Rachel Reeves’s budget

The Labour chancellor unveiled lots of plans for long-term investment. But there is plenty of lively debate about the immediate impact

The Independent UK

OBR error cut £18bn of headroom from Rachel Reeves’ Budget

The error may have contributed to the market jitters that were seen in the wake of the Budget

The Independent UK

Why it’s unfair to compare the current market movement to catastrophic Truss mini-Budget

ANALYSIS : Ignore the comparisons, writes Howard Mustoe – any suggestions that market concerns over Rachel Reeves’s Budget bear any similarity to the chaos that followed Liz Truss’s economic disaster are wide of the mark

The Guardian - UK

After Reeves’s historic budget, Labour has time to pursue its revolution. What it needs now is public trust

The government is operating in an unforgiving time and lacks capital with voters. It will be crucial to address that, says Guardian columnist Martin Kettle

The Guardian - UK

Reeves told she will have to raise further £9bn to avoid UK public service cuts

Warning comes after Rachel Reeves’s record tax-raising budget sent tremors through financial markets

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