Finance News – Fiscal Watchdog
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Tariff revenue will cut US deficits by $4tn, fiscal watchdog says
According to the Congressional Budget Office, income generated from tariffs is projected to reduce the United States' budget shortfalls by approximately four trillion dollars, bala...
Read Full Article →UK government borrowing since April hits £60bn
The UK’s cumulative borrowing reached £60 billion since April, reflecting an increase compared to the previous year, despite monthly figures being lower than earlier forecasts from...
Read Full Article →OBR chief says higher tax is ‘not good’ for growth – or the government
Increasing taxes as proposed in the upcoming budget may reduce economic expansion and diminish long-term government revenue, according to a leading fiscal authority’s assessment of...
Read Full Article →Kemi Badenoch backs costly triple lock pension as ‘Conservative policy’
Kemi Badenoch supports maintaining the pension increase mechanism despite warnings from the UK’s fiscal authority that its expenses have significantly exceeded initial forecasts.
Read Full Article →Wealth and stealth: Starmer eyes fresh tax hikes
Keir Starmer is considering new forms of taxation as concerns grow over fiscal sustainability, following the watchdog’s warning about rising welfare expenses and their impact on go...
Read Full Article →UK faces ‘daunting’ risks to public finances, OBR warns
The fiscal watchdog indicates that the country’s capacity to manage unexpected economic challenges has significantly weakened, posing considerable concerns for the stability of gov...
Read Full Article →OBR ridiculed for ‘joke of a salary’ in analyst job offer
The salary range offered for new analyst positions at the UK’s fiscal watchdog has sparked criticism due to its perceived inadequacy relative to the expected responsibilities and j...
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