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The Latest Breaking News from Office for Budget Responsibility

Truss and Kwarteng warned not to stretch medium-term growth timeline

Concerns that fiscal plan may take longer to deliver than the traditional definition of three to five years

The Guardian - UK

Government U-turns again on date of new fiscal plan

Shadow chancellor Rachel Reeves says the Government should 'get a grip'

Wales Online

‘We must stay the course with tax plan,’ Chancellor to say in crunch Tory conference speech

Kwasi Kwarteng will defend his planned tax cuts following criticism from Michael Gove

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

6 dramatic flashpoints facing new PM Liz Truss at chaotic Tory party conference

Once the darling of the Tory grassroots, the new Prime Minister heads into her party's annual conference in Birmingham facing mutinous mutterings from her own MPs

Daily Mirror

Kwasi Kwarteng to keep expert OBR Budget verdict secret for nearly two months

Chancellor resists calls for ‘reset moment’ for economy despite OBR promising forecast next Friday

The Independent UK

Why OBR forecast is being held back until Kwarteng’s next fiscal plan

Huge policy changes are needed to get UK back on track – so early publication would give an incomplete picture

The Guardian - UK

The Guardian view on Tory shock therapy: the wrong medicine for the country

Editorial: Liz Truss’s policies have put the Tories behind Labour by 30 points. Without reversing course she will be in office but not in power

The Guardian - UK

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The Leader podcast: Could Liz Truss OBR talks be a turning point?

The Prime Minister, Chancellor and the Office for Budget Responsibility have held crisis talks as concerns continue to grow about the economy.

Evening Standard

The huge fallout from the mini-Budget has quelled its positive growth measures

Chancellor Kwasi Kwartang should have asked to independent Office for Budget Responsibility to assess the impact of his mini-Budget

Birmingham Post

Top Tory bizarrely claims mini-Budget 'so detailed' it couldn't be assessed by watchdog

Treasury Minister Andrew Griffith suggested the Office for Budget Responsibility would have struggled to get through the 40-page document in time - directly contradicting the watchdog

Daily Mirror

Treasury to delay publishing OBR forecast by six weeks after 7 October delivery – as it happened

Budget watchdog to give assessment of fiscal plans next week but public will have to wait until chancellor’s November statement

The Guardian - UK

Liz Truss holds emergency talks with budget watchdog after failing to calm markets

Liz Truss was due to hold emergency talks with the Office for Budget Responsibility today as the Government scrambles to calm market panic in the wake of the disastrous mini-Budget

Daily Mirror

Warning to home buyers after stamp duty cut in mini budget

The Chancellor, Kwasi Kwarteng confirmed a cut in stamp duty

Liverpool Echo

Five charts that will underpin chancellor’s mini-budget

From soaring inflation and gas prices to tax take and national debt, these are the trend lines that frame Kwasi Kwarteng’s calculations

The Guardian - UK

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Crikey

Charting a new course with old maps: Truss’s economic plan for UK is outdated and risky

The incoming UK prime minister is taking advice from a right-wing economist favoured by Thatcher. It’s a gamble that could wreck the economy.

The Independent UK

Fiscal watchdog ready to publish forecast for new PM’s spending plans

The OBR’s confirmation puts the new government in the position of having to formally reject its offer.

The Guardian - UK

New PM’s spending plans must face scrutiny, says Treasury committee chair

Mel Stride says OBR must provide fiscal forecasts as Liz Truss urged to ‘come clean’ on promised tax cuts

The Independent UK

Labour calls for ‘national mission’ on home insulation to tackle soaring bills

Labour has set out plans to upgrade 19 million homes across the country over the next decade in a major insulation project.

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news in one place.

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Evening Standard

The Standard View: So, Rishi, Liz, Sajid, Suella, Jeremy, Kemi, Penny, Grant, Nadhim and Tom: Where’s the money to cut tax coming from?

Perhaps the most useful thing the candidates for the Tory party leadership might do over the next few days is to read the sobering report last week by the Office for Budget Responsibility. That report points out that “at over 90 per cent of GDP, public debt is now more…

The Guardian - UK

UK’s public finances on ‘unsustainable’ long-term path; house prices surge despite squeeze – as it happened

Office for Budget Responsibility warns the world is becoming a riskier place, as UK faces cost of aging population and loss of fuel duty

The Guardian - UK

Labour urges spending watchdog to assess impact of chancellor’s £21bn package

Shadow Treasury secretary asks Office for Budget Responsibility to examine Rishi Sunak’s emergency cost of living measures

The Guardian - UK

Thursday briefing: The cost of living strategies that could actually work

In this morning’s newsletter: Archie Bland talks to economics correspondent Richard Partington about what more the government could do to help the worst off in society

The Guardian - UK

Even now, Sunak and the Tories cannot let austerity go

This government is faced with a collapse in real incomes, spending, and its own popularity. But still it will not act

The Independent UK

UK facing unprecedented hit to national income from inflation – Bank deputy

The Office for Budget Responsibility said last week that households will suffer the biggest fall in income since records began in 1956.

The Guardian - UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

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