Rachel Reeves, the chancellor, will on Wednesday have to respond to the OBR’s forecast for taxes, spending and borrowing ...

The Chancellor will set out the measures as she delivers her spring statement in response to a gloomy economic assessment by the Office for Budget Responsibility (OBR). The watchdog’s assessment is ...

The Office for Budget Responsibility used to be king for Labour. The country’s economic forecaster offered the party the chance to cement in the minds of the British electorate that its leaders ...

New forecasts by the Office for Budget Responsibility (OBR) show interest rates will stay higher for the rest of the decade than previously predicted, which could make borrowing more expensive for ...

Chancellor Rachel Reeves has delivered her Spring Statement, confirming the 2025 growth estimate for the UK has been halved to 1 per cent by the government's official forecaster ...

Staff in Angela Rayner's own department have voted to go on strike after being told to come into the office more often.

The Office for Budget Responsibility (OBR) has said they have not yet been able to take account of the Employment Rights Bill, which has been championed by the Deputy Prime Minister, in their ...

The Chancellor has been accused of repeating the same failures she made in her first Budget as she delivered her spring budget.

The Government spent £296.3 billion on welfare in 2023/24, according to the Office for Budget Responsibility (OBR). This is the equivalent of 10.9% of UK GDP (gross domestic product, or the total ...

Britain is threatened with further tax rises within months, the Office for Budget Responsibility warned after Rachel Reeves left the economy on a knife edge. The Chancellor is already forecast to ...

But the only reason Rachel Reeves, the chancellor, will address the House of Commons on Wednesday is because, by law, the Office for Budget Responsibility (OBR) is required to produce two ...