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The Latest Breaking News from OBR

Chancellor to raise UK government borrowing to fund budget measures – OBR

Office for Budget Responsibility says national insurance and tax cuts will be paid for by average £8bn-a-year borrowing to 2028-29

The Guardian - UK

Jeremy Hunt’s last budget before an election – but not his last roll of the dice

These latest tax cuts were not the gamechanger the Tories need before the election

The Guardian - UK

Furious West End bosses condemn "staggering" decision not to scrap "tourist tax" in the Budget

OBR review concludes that the calculations it made about the cost of reversing the VAT free shopping scheme are still “reasonable”

Evening Standard

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Budget 2024 live: Jeremy Hunt cuts national insurance, abolishes non-dom status and raises child benefit threshold – as it happened

NI cut of 2p announced, along with new tax on vapes, end of tax relief for holiday lettings and more cash for NHS IT system

The Guardian - UK

Wednesday briefing: What’s in Hunt’s spring budget – and how will he pay for it?

In today’s newsletter: As the chancellor presents a plan aimed at satisfying the Tory faithful, we look at what he will do and what it will mean for you

The Guardian - UK

What to expect from Jeremy Hunt’s spring budget

The chancellor’s biggest giveaway is likely to be a further cut to national insurance contributions

The Guardian - UK

Budget in five charts: what will underpin Jeremy Hunt’s statement?

Falling inflation and so-called fiscal headroom will guide a chancellor keen to heed calls from Tories for tax cuts

The Guardian - UK

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What are the UK’s ‘fiscal rules’ and why is the OBR under attack?

The Treasury watchdog is seen by some Tories as a block to tax cuts – and could be ignored by Jeremy Hunt

The Guardian - UK

The Guardian view on Treasury fiscal rules: no way to run a country

Editorial: Instead of sticking to arbitrary limits, politicians should be able to make the case for spending on urgent social repair

The Guardian - UK

Hunt scrambles to raise revenue as OBR slashes scope for tax cuts in budget

Chancellor considers unexpected tax rises such as abolishing non-dom status after latest forecast

The Guardian - UK

Labour in power faces dire economic inheritance, says Rachel Reeves

Shadow chancellor criticises Tory years of failure and says national mission is needed to kickstart economy

The Guardian - UK

OPINION - Jeremy Hunt's pre-election Budget runs into economic reality

Hollywood adores a franchise. The 10 highest-grossing movies of 2022 were all either sequels or reboots and the reason is pretty obvious: return on investment.

Evening Standard

The Chancellor will be economical with the truth in the Budget

City Voices: Tough choices await after the election

Evening Standard

Public finances in record surplus in January as debt interest costs plummet

Public sector collected £16.7 billion more in tax than it spent during the month, ONS figures show

Evening Standard

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Evening Standard

Hunt knows he must scrap the ‘tourist tax’. But the politics are tricky

City Comment: The OBR might offer the Chancellor a way to present his U-turn as in the interests of UK plc as a whole, not just London

Evening Standard

Jeremy Hunt urged to scrap 'tourist tax' within weeks in Budget and give London significant economic boost

Jeremy Hunt was urged on Monday to scrap the “tourist tax” within weeks and give London a significant economic boost.

The Guardian - UK

Tax-free shopping for tourists in UK may return as government eyes rethink

Government spending watchdog asked to review costs and benefits of then chancellor Rishi Sunak’s 2020 ‘own goal’ decision

The Guardian - UK

What state are government finances in and what legacy is Reeves likely to inherit?

Hunt has steadied the ship, but some may question whether there is really fiscal room for tax cuts

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The Guardian - UK

Head of OBR says lack of budget details led to ‘work of fiction’ forecasts last year

Richard Hughes criticises lack of information from government about public spending plans

The Guardian - UK

Jeremy Hunt has room for £20bn tax cuts after borrowing halves year on year

December deficit is less than expected at £14bn – the lowest for the month since 2019

The Guardian - UK

Britain is crying out for more investment. Here’s why Labour shouldn’t worry about spending big

Investing in projects such as green schemes could boost growth and make public finances more sustainable. In other words, it’s a no-brainer, says economist Carsten Jung

The Guardian - UK

Five charts explaining the UK’s economic prospects in 2024

As we enter an election year, how will the effects of inflation, weak GDP growth, unemployment, tax cuts and rising housing costs sway voters’ intentions?

The Guardian - UK

Sunak challenged by watchdog over claim to have cut public debt

Statements by PM may have undermined trust in government’s use of statistics, says regulator

The National (Scotland)

Top experts 'lay bare Tories' economic ineptitude' ahead of Scottish Budget

KATE Forbes has highlighted “critical quotes” from experts at the Office for Budget Responsibility (OBR) ahead of the announcement of the next…

The Guardian - UK

Jeremy Hunt’s debt reduction plan ‘a very big fiscal risk’, says OBR

Treasury’s independent forecaster says uncertain spending plans and higher than expected inflation could scupper cuts

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