Category: OBR
-
Treasury accused of hiding £9.5bn ‘black hole’ in budget, says OBR chief
•
The UK Treasury may have broken the law by withholding £9.5bn of spending pressure ahead of Jeremy Hunt’s final Budget in March, according to Richard Hughes, head of the Office for Budget Responsibility (OBR). Hughes suggested vital financial data relating to departmental budgets, required by the OBR under the Budget…
-
Treasury accused of hiding £9.5bn ‘black hole’ in budget, says OBR chief
•
The UK Treasury may have broken the law by withholding £9.5bn of spending pressure ahead of Jeremy Hunt’s final Budget in March, according to Richard Hughes, head of the Office for Budget Responsibility (OBR). Hughes suggested vital financial data relating to departmental budgets, required by the OBR under the Budget…
-
Record £40bn tax hike set to slow UK economic growth, warns OBR
•
Chancellor Rachel Reeves introduced a record £40bn tax rise in her first Budget, which the Office for Budget Responsibility (OBR) warns could stifle economic growth in the long term. According to the Office for Budget Responsibility, the UK economy will expand by just over 1% this year, peaking at 2%…
-
Jeremy Hunt criticises OBR for timing of review release on budget day
•
Former Chancellor Jeremy Hunt has criticized the Office for Budget Responsibility (OBR) for allegedly compromising its political impartiality, as it prepares to release a review that could criticize the Conservative government on Budget Day. The review is expected to address Chancellor Rachel Reeves’ claims of a £22bn financial gap left…
-
UK debt could triple to 300% of GDP within 50 years, OBR warns
•
The Office for Budget Responsibility has warned that UK public debt could rise to 300% of GDP over the next half-century, due to rising costs linked to climate change and an ageing population. In its latest report on long-term fiscal risks, the independent watchdog warned that current policy choices and…