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25 Nov 20
The government is set to borrow a peacetime record £394bn this year, as it funds Covid-19 support measures, according to the Office for Budget Responsibility.
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18 May 20
The coronavirus outbreak, and the policy response to mitigate its consequences, will have ramifications for public finances that will far outlast the immediate public health crisis. Although the full...
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16 Dec 19
Revised Office for Budget Responsibility forecasts show that Britain’s deficit is likely to be £20bn higher in each year to 2023-24 than was projected in March 2019.
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17 Jul 18
Health spending will put public finances under “significant pressure” over the next 50 years, the Office for Budget Responsibility has warned.
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13 Mar 18
The economy is expected to grow more strongly than expected this year and the public finances will continue on the road to recovery, chancellor Philip Hammond revealed in his inaugural Spring...
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27 Nov 17
English upper-tier councils have eaten into their reserves due to social care pressures, according to the Office for Budget Responsibility.
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11 Oct 17
The Office for Budget Responsibility forecast for the UK’s productivity growth over the next five years has been revised down.
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25 Apr 17
Public sector net borrowing for the financial year ending March 2017 has decreased by £20bn to £52bn compared to the previous financial year, according to the latest figures from the...
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8 Mar 17
Chancellor Philip Hammond welcomed a more optimistic immediate outlook for the economy and public finances as he revealed the latest Office for Budget Responsibility economic forecasts.
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11 Aug 16
Chancellor Philip Hammond has nominated Sir Charles Bean for appointment to the executive committee of the Office of Budget Responsibility.
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22 Feb 16
Treasury ministers have interfered inappropriately with the work of the independent Office for Budget Responsibility and rules governing relations between the department and the economic watchdog...
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19 Feb 16
Public sector borrowing in February and March will need to be nearly 50% lower than the same two months in 2015 for the Treasury to meet its deficit target, the Office for Budget Responsibility said...
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30 Jul 15
An independent commission set up to monitor the impact of higher tuition fees in England has called on the Office for Budget Responsibility to investigate whether the current student loan system...