UK economic growth upgraded this year amid ‘temporary boost’ from spending The Office for Budget Responsibility has predicted that UK gross domestic product will grow by 1.1% in 2024. Evening Standard · Oct 30, 2024
Taxes, borrowing and spending up in Rachel Reeves’ first Budget Chancellor Rachel Reeves said she was ‘fixing the foundations of our economy’ but taxes will rise to their highest levels since the Second World War. Evening Standard · Oct 30, 2024
Hunt accused of trying to ‘blame the referee’ over OBR ‘black hole’ review Tory former chancellor Jeremy Hunt has written to the UK’s top civil servant about an Office for Budget Responsibility review of his spending plans. The Independent UK · Oct 29, 2024
Rachel Reeves watering down non-dom tax changes would be ‘sensible and pragmatic’, tax experts say The chancellor is considering rowing back on Labour’s manifesto promise to scrap concessions The Independent UK · Sep 27, 2024
UK housebuilding slump eases; Treasury to regulate ESG ratings – as it happened Rolling coverage of the latest economic and financial news The Guardian - UK · Mar 6, 2024
When is the autumn statement 2023? Inheritance tax expected to be cut Unlike his predecessor, the chancellor will be presenting an Office for Budget Responsibility forecast alongside the statement Evening Standard · Sep 6, 2023
Jeremy Hunt rakes in £40 billion more in income tax and NI as stealth taxes hit millions of workers, experts say The Chancellor faces calls to cut taxes as Government annual borrowing was £13.2 billion lower than the Office for Budget Responsibility forecast last month Evening Standard · Apr 25, 2023
Jeremy Hunt could ‘spare’ millions of households £500 hike in energy bills in April, say leading economists Jeremy Hunt could spare millions of households a £500 hike in their energy bill in April given the surprise short-term boost to the public finances, leading economists said on Tuesday. Evening Standard · Feb 28, 2023
The return of Fawlty Towers can’t rival the Truss comeback farce The former prime minister’s lack of self-awareness would be comedy gold if her prose weren’t so desperately dull The Guardian - UK · Feb 12, 2023
Freeze on alcohol duty to be extended to help UK hospitality industry No increases until August 2023 despite Jeremy Hunt’s first full budget being scheduled for 15 March The Guardian - UK · Dec 19, 2022
Spring budget date set for March 15 The Chancellor on Monday commissioned an Office for Budget Responsibility forecast, which will be presented alongside the budget. The Independent UK · Dec 19, 2022
Chancellor Jeremy Hunt confirms spring Budget date Office for Budget Responsibility asked to prepare a forecast Wales Online · Dec 19, 2022
Spring Budget date announced as Jeremy Hunt to give statement on March 15 Chancellor Jeremy Hunt will give his Spring Budget on March 15, spelling out further the direction for the economy after he spelt out years of spending cuts in his Autumn Statement Daily Mirror · Dec 19, 2022
Three charts that explain why falling living standards could deepen the UK's north-south divide Living standards are set to fall by 7% in the UK over the next two years, according to the Office for Budget Responsibility (OBR) – the government’s independent economic forecaster – but some areas will be hit harder than others. The Conversation · Dec 15, 2022
The Guardian - UK · Dec 11, 2022 Starmer must tackle economic ‘disaster’ of Brexit, warn Labour grandees Peter Hain says Labour leader must have plans ready to limit the damage caused by leaving the EU if he becomes PM
The Guardian - UK · Nov 22, 2022 Five-year mortgage rates drop below 6%; UK lagging G7 rivals; European stocks at three-month high – as it happened Average five-year fixed mortgage rate has dropped below 6% for the first time in seven weeks, as OECD cuts growth forecasts
The Guardian - UK · Nov 21, 2022 Oil plunges to 10-month low as Saudi Arabia ‘considers Opec+ production increase’ – as it happened Saudi Arabia and other OPEC oil producers are discussing an output increase. WSJ reports , which could help heal rift with the Biden administration
The Independent UK · Nov 20, 2022 Millions more to need benefits as recession woes bear down The Office for Budget Responsibility forecasts a 13.4 per cent rise in people placed on health and disability benefits
Daily Mirror · Nov 19, 2022 Rishi Sunak pinning hopes on migrant workers - but doesn't want to shout about it Office for Budget Responsibility stats released with Chancellor Jeremy Hunt’s Autumn Statement last week revealed net migration will rise from a March estimate of 129,000 in 2026 to 205,000
Daily Mirror · Nov 19, 2022 Long-term sick who struggle to work set to surpass one million within two years The small print of the Office for Budget Responsibility report published alongside Chancellor Jeremy Hunt’s Autumn Statement shows the bill for more sickness and disability benefits will cost £7.5billion a year.
The National (Scotland) · Nov 19, 2022 Chancellor Hunt is taking voters for fools with delayed cuts THE UK economy is in recession. Taxes are at their highest in 70 years. According to the Office for Budget Responsibility, living standards are…
The Guardian - UK · Nov 18, 2022 The Guardian view on tax rises: a necessary change Editorial: No one likes having to pay more, but hard times and Jeremy Hunt’s autumn statement have put the issue at the centre of politics
The Conversation · Nov 18, 2022 Jeremy Hunt's autumn statement is a poisoned chalice for whoever wins the next election UK Chancellor Jeremy Hunt has produced a highly political autumn statement that throws forward major cuts in public spending to after the next general election. The accompanying economic forecast by the government’s Office for Budget Responsibility (OBR) confirms that the country is facing a recession, with unemployment rising, inflation still…
The Independent UK · Nov 18, 2022 Chancellor concedes Brexit made EU barriers and says migration ‘very important’ Jeremy Hunt insisted the UK would find a way to improve trading ties with the EU without rejoining the single market.
The Independent UK · Nov 17, 2022 Tory MPs demand fuel duty freeze amid warning of a 12p rise in March The Office for Budget Responsibility estimated fuel duty will increase by 23% next spring under current plans.