The Latest Breaking News from OBR

Thinktank attacks chancellor’s giveaways as OBR warns of ‘challenges’ for councils and services

OBR analysis suggests higher energy prices and interest rates could reduce proportion of new cars sold that are electric from 67% to 38%

There is only one activity less productive than watching the Autumn Statement, and that is watching the prime minister's questions that precedes it. Every question even tangentially related to tax and spend receives the rote reply: "I would not want to pre-empt my honourable friend the chancellor". Perish the thought.

Nearly four million additional workers are likely to be brought into the tax system between 2022/23 and 2028/29.

Watchdog says GDP will only advance by 0.7% next year compared with its previous projection of 1.8%

National Insurance cut; pensions and benefits increased. But is that enough to distract from sluggish growth and the rising cost of living?

Despite £27bn windfall for the autumn statement, government forecaster warns of generally more difficult outlook until 2028

The Chancellor said high employment taxes ‘disincentivise hard work’.

‘It’s time to get Sid investing again,’ Hunt says; Scotland’s sole oil refinery at Grangemouth is due to cease operations in 2025