Liz Truss has criticised the role of institutions and blamed the “anti-growth coalition” for failing to implement her tax-cutting agenda during her short stint as prime minister last year.
Economic volatility from shocks such as wars and Covid-19 have been the “most difficult thing” for Office for Budget Responsibility forecasters to contend with when trying to help the government plan...
An Office for Budget Responsibility forecast will be published this month as the chancellor listens to calls not to delay its publication until he announces his medium-term fiscal plan in late...
The Treasury has said the forecast it will receive from the Office for Budget Responsibility in October will not be published until late November, resisting calls to release it earlier in an attempt...
A group of MPs has sought assurance that the Office for Budget Responsibility is preparing for a potential emergency Budget or “significant fiscal event” in September should the incoming prime...
High inflation is set to push the cost of servicing government debt to twice the Office for Budget Responsibility’s forecast in October, the fiscal watchdog said in its outlook accompanying the...
Chancellor Rishi Sunak unveiled a new set of fiscal rules in his second Budget, in a bid to reduce the public debt after the huge level of borrowing undertaken in response to Covid-19.
Covid-19 has reversed the normal fiscal cycle between elections, bringing a spending splurge at the beginning of this Parliament – Dan Corry wonders whether announcements on future tax rises in the...
Budget measures imply the government will have borrowed an ‘unprecedented’ £570bn over this financial year and next, according to the Office for Budget Responsibility.
Government borrowing could reach as high as £300bn this year, due to the economic policies put in place to ease finances during the coronavirus pandemic, according to think-tank the Centre for Policy...
The Office for Budget Responsibility has predicted UK GDP could fall by as much as 35% in the second quarter of this year, due to the coronavirus outbreak.
Public sector net debt is forecast to rise by £125bn or 4.6% of GDP, as government embarks on the largest spending increase since 1992, according to the Office for Budget Responsibility.
Chancellor Rishi Sunak has been warned he will have to reassess the plans his first Budget, in response to the economic disruption caused by the spread of the coronavirus.
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.
Public sector borrowing in the 2015-16 financial year has been revised upwards by £2bn and now stands at £76.0bn, according to latest figures from the Office for National Statistics.
Chancellor George Osborne missed the public sector borrowing goal in 2015-16 by around £1.8bn, with the deficit totalling £74.0bn according to provisional figures published by the Office for National...
George Osborne is right that economic storm clouds are gathering. But changes to productivity forecasts show they aren’t in Asia or Europe: they are on our own horizon.
Chancellor George Osborne has breached two of his three fiscal targets, with objectives on debt and welfare spending missed, according to the Office for Budget Responsibility.
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...
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...
