All the updated news related to office for budget responsibility

All the news related to office for budget responsibility updated in real time

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Scotland

Committee urges Swinney to publish budget on December 15

Holyrood’s Finance and Public Administration Committee has urged the Deputy First Minister to publish the draft budget on December 15. John Swinney, who is in charge of Scotland’s finances while Finance Secretary Kate Forbes is on maternity leave, ...

05 Oct 2022 at 16:50

Pound hits two-week high as Chancellor ‘brings forward debt plan and forecast’

The pound has rallied to a two-week high after reports that the Chancellor would bring forward his debt plan and economic forecast. Sterling edged above 1.14 US dollars on Tuesday morning as Kwasi Kwarteng promised to release the highly ...

04 Oct 2022 at 14:01

Next Budget set for spring, Chancellor confirms after drama in money markets

The Chancellor will deliver a Budget next spring, the Treasury confirmed on Monday, as part of a move to settle the markets as the pound slumped to historic lows following Friday’s mini-budget. Downing Street had earlier signalled ...

26 Sept 2022 at 18:53

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) ...

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 ...

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 ...

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 ...

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 ...

23 Sept 2022 at 13:33

MPs demand economic forecast alongside Kwarteng’s mini-budget

MPs have demanded that an independent forecast of the UK’s economic outlook is published alongside Chancellor Kwasi Kwarteng’s mini-budget. The Conservative chairman of the Commons Treasury Committee, Mel Stride, ...

20 Sept 2022 at 16:35

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 ...

22 Sept 2022 at 20:13

Borrowing soars as runaway inflation pushes up interest

Interest payments on the UK’s debt helped push up borrowing last month, new official data shows. The Office for National Statistics (ONS) said Government borrowing hit £22.9 billion, the second highest June ...

21 Jul 2022 at 09:58

Sunak ‘anxious’ about cost of living but defends ‘substantial’ help

Rishi Sunak has been accused of “gaslighting” the country over the cost of living crisis as he repeatedly declined to rule out launching a bid to lead the Conservative Party. The Chancellor has defended ...

25 Mar 2022 at 00:25

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