Finance News – Obr
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Rachel Reeves must rethink how tax and spend decisions are made after welfare U-turn | Heather Stewa...
The recent welfare policy reversal highlights the challenges posed by rigid fiscal frameworks and limited flexibility, which significantly influence the timing and effectiveness of...
Read Full Article →Is Labour changing its mind about the OBR?
Labour’s shifting perspective highlights concerns that relying on economic forecasts may not effectively address the ongoing challenges related to the UK’s public finances and gove...
Read Full Article →BoE’s Bailey warns on UK productivity in challenge to Reeves
The Bank of England's Governor expressed doubts about the Office for Budget Responsibility's forecast for improved growth, highlighting concerns about the UK’s ability to enhance p...
Read Full Article →Bank governor wades into row over Reeves’ focus on fiscal rule forecasts
Andrew Bailey emphasized caution in relying too heavily on government budget forecasts, highlighting the importance of balanced interpretation when assessing future fiscal policy a...
Read Full Article →Government borrowing surges in May to fund Labour’s spending
In May, public sector debt increased substantially, reaching one of the highest levels recorded for that month in over three decades, indicating significant government reliance on...
Read Full Article →Reeves may need to raise taxes by £20bn in autumn after UK borrowing rises
The rising government borrowing and a substantial budget shortfall in May have prompted concerns that increased revenue measures might be necessary to manage fiscal targets effecti...
Read Full Article →‘You’ll have to wait and see’: Reeves’ deputy can’t rule out autumn tax rises
The Treasury chief secretary indicated that future fiscal decisions, including potential tax increases in the autumn, will depend on upcoming economic forecasts and will be careful...
Read Full Article →Reeves’ straitjacket: Why Britain’s spending problem is political, not economic
The debate over the UK’s budget highlights that decisions on public expenditure are influenced more by political priorities than by purely economic forecasts or minor changes in gr...
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...
Read Full Article →Is Rachel Reeves breaking up with the OBR?
Rachel Reeves implemented several last-minute adjustments to her Spring Statement aimed at maintaining fiscal stability and preserving confidence in the official budget forecasts p...
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