All the updated news related to obr

All the news related to obr updated in real time

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Chancellor’s mini-budget to pile on debt interest, warns Tony Blair Institute

The mini-budget unveiled by the Chancellor last week will pile on higher debt interest but only grow the economy by 0.1% each year until 2027, experts have warned. New research by the Tony Blair Institute for Global Change (TBI) and Oxford Economics ...

29 Sept 2022 at 01:01

OBR to deliver forecast in coming weeks after meeting with PM and Chancellor

The Office of Budget Responsibility (OBR) said it will deliver an “independent” forecast of the Government’s controversial economic plan following a meeting with the Prime Minister and Chancellor. The unusual meeting between Liz Truss, Kwasi ...

30 Sept 2022 at 13:11

Ministers vow ‘spending discipline’ after mini-budget market chaos

Ministers have insisted the Government remains committed to “spending discipline” after Chancellor Kwasi Kwarteng’s £45 billion mini-budget tax cuts caused havoc in financial markets. As Tories head to Birmingham for their annual conference,...

01 Oct 2022 at 13:41

OBR ‘scrutiny’ valued say Truss and Kwarteng as forecast publication date given

The Government will “work closely” with the Office for Budget Responsibility (OBR) in the coming weeks after a key meeting between the Prime Minister, Chancellor and officials from the independent spending watchdog. The unusual meeting ...

30 Sept 2022 at 14:08

Tory Treasury Committee chair flags ‘vast void at centre’ of statement

Conservative former ministers have expressed worries about the tax-cutting agenda laid out in the Chancellor’s financial statement. Conservative chair of the Treasury Select Committee Mel Stride said the statement had a “vast void at ...

23 Sept 2022 at 13:33

Government should allow OBR’s economic forecast at mini-budget, MPs told

The Government should not announce major tax cuts without an independent economic forecast from the Office for Budget Responsibility, the head of a major economic think tank has warned. The Chancellor is set to announce tens of ...

22 Sept 2022 at 20:13

Sanctions on Russia ‘not cost-free’ for UK, warns Chancellor

Standing up to Russia and providing support for Ukraine will not be “cost-free” for the UK economy, Rishi Sunak has warned. The Chancellor pitched his spring statement on Wednesday on the issue of security, as he said a strong ...

23 Mar 2022 at 16:55

City

CBI calls on Government to make investment incentives permanent

The Government should introduce permanent investment incentives once the current super-deductions for businesses come to an end next year, according to a business group. The Confederation of British Industry (CBI) said if the ...

01 Mar 2022 at 01:25

City

Cost-of-living support not targeting benefits claimants, OBR warns Chancellor

The poorest in society are less likely to enjoy the benefits announced in the spring statement last week because the support packages focused so heavily on those in work, according to the Government’s own economists. ...

28 Mar 2022 at 16:55

Bank did not raise interest rates soon enough, says former deputy governor

The Bank of England failed to act quickly enough to hike interest rates as rampant inflation took hold and will now have to “move faster” with further rises, the Bank’s former deputy governor has warned. Sir Charlie ...

24 Jan 2022 at 01:25

Scotland

Scottish budget to be published on December 15, Swinney confirms

The Scottish Government will unveil its draft budget for the coming year on December 15. Deputy First Minister John Swinney – who is responsible for the finance and economy brief while Finance Secretary Kate Forbes ...

06 Oct 2022 at 12:48

Toughest tightening of public spending pushed back in Hunt budget

Public spending will face a squeeze under Jeremy Hunt’s autumn budget but most of the pressures may not be fully felt until after 2025. However, it means that the Conservatives could be out of office by the time ...

17 Nov 2022 at 18:59

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