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YOU WONT BELIEVE: Obr - You Need To See This

UK debt nears £3 trillion as government borrowing unexpectedly climbs

Most economists had forecast zero borrowing last month while the OBR had predicted a £500 million surplus

The Independent UK

New Chancellor given pre-Budget challenge as borrowing jumps unexpectedly

The ONS said government borrowing stood at £1.8 billion in July, £700 million more than a year ago.

Evening Standard

A positive new report raises the question: was Reeves undermined by dodgy data?

Assessment’s finding of a jump in UK productivity emphasises urgent need to appoint a national statistician

The Guardian - UK

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UK economy ‘may grow by only 0.3% next year if Middle East disruption goes on’

Internal modelling from the Treasury suggests UK GDP could see growth as low as 0.3% in 2027.

Evening Standard

Union calls for robust review of OBR over fears it holds back economic growth

TUC will urge John Healey to order ‘root and branch’ assessment of watchdog amid claims its forecasts downplay investment benefits

The Guardian - UK

London vs the machines: three in four jobs are at risk to AI

Sadiq Khan needs to come up with an AI plan soon, writes Chris Blackhurst — or it’s time to brush up on those floristry skills...

Evening Standard

Millions to retire later under state pension age increase plans – here’s who’s affected

Around five millions workers could lose out under the plans, according to a report by the Office for Budget Responsibility

The Independent UK

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UK could lose two million workers if taxes keep rising, OBR warns

Effects of ‘fiscal drag’ could cut incentive to work

The Independent UK

Pension triple lock to be key driver of public spending pressure, says OBR

Under the triple lock, the UK’s state pension rises each year by whichever is highest out of inflation, wage growth or 2.5%.

Evening Standard

Act soon to change ‘unsustainable’ direction of UK debt, OBR warns

Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’

The Guardian - UK

UK debt will grow ‘explosively’ if not addressed by governments, warns OBR

The OBR set out the findings from a series of forecasts in the latest annual fiscal risks and sustainability report.

Evening Standard

Burnham warned of ‘unsustainable’ debt and government spending in latest OBR report

The UK has experienced one of the largest increases in government debt of any advanced economy over the past 20 years, the OBR said

The Independent UK

Burnham adviser calls for billions of pounds in borrowing for infrastructure

Exclusive: Jim O’Neill, a former chief economist at Goldman Sachs, says government should spend more on big projects

The Guardian - UK

Jonathan Haskel chosen to be next head of UK fiscal watchdog

Mr Haskel’s nomination comes after former chairman Richard Hughes resigned last December over the mistaken early publication of its forecasts.

Evening Standard

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Euronews

10 years of Brexit: Which campaign claims have come true?

A decade on from the referendum that led to the UK leaving the European Union, Euronews' fact-checking team looks at the campaign promises that were made on both the Leave and Remain sides to see which ones ended up happening.

Evening Standard

Fact check: Defence vs benefits, church attack video and advantage of sunglasses

Round-up of fact checks from the last few days compiled by Full Fact.

Evening Standard

FTSE 100 edges up amid cautious US-Iran optimism

Stocks gained encouragement from lower oil prices as investors weighed the latest developments in the Middle East.

The Guardian - UK

Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers

Peers say chancellor and recent predecessors have allowed themselves too little room for manoeuvre

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The Independent UK

Boost for Reeves as government borrowing drops – but Iran war means worse is to come

Fears are mounting over a hit to the public finances from the Iran war

The Guardian - UK

Iran war hurting UK economy as consumer confidence falls; BP’s new chair suffers investor revolt – as it happened

UK consumer optimism drops for third month running, as people grow more worried about the economy and their personal financial situation

The Independent UK

Mansion tax could hit 165,000 homes in first year, Budget watchdog predicts

The Office for Budget Responsibility (OBR) estimated 165,000 properties will be affected in the policy’s first year, rising to 167,000 in 2030

The Guardian - UK

‘This is what you don’t see in F1’: the university where future race engineers are made

With alumni in every F1 team, Oxford Brookes University’s Formula Student team is the most prestigious in the country

Evening Standard

Government borrowing sees surprise surge amid fears of squeeze from Iran war

The Office for National Statistics said public sector borrowing stood at £14.3 billion in February – £2.2 billion higher than a year ago.

The Independent UK

Government borrowing costs hit highest since 2008 recession as pressure on UK economy increases

The UK is now on track to slightly undershoot the OBR’s full-year borrowing forecast

The Guardian - UK

The Guardian view on Labour, liberals and the Greens: they agree on the problem, but not the solution

Editorial: From Brexit to fiscal rules to living costs, diagnoses multiply. Steel policy points to a missing link – the need for a strategy to rebuild

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