Add this topic to your myFT Digest for news straight to your inbox
OBR expectations suggest car industry will miss government sales targets next year
When the Office for Budget Responsibility gets nasty
UK chancellor will try to set out an optimistic vision despite tough economic backdrop
Rising inflation has increased the number of people who will be paying the levy for the first time
Shadow chancellor Rachel Reeves says OBR would be given independent powers to produce forecasts
The UK faces multiple challenges, while the public finances are far from robust
OBR detailed likelihood of recession and gaping hole in public finances prior to then-chancellor launching unfunded tax cuts
Public finances in ‘very risky’ position, says Office for Budget Responsibility
£1.2bn raised in April and May alone
Leveragin’ la vida local
Surge in cost of living leaves lingering effect on workers’ finances even as pressure on ECB to raise rates eases
HMRC boosted the total tax take by 9.9 per cent in 2022-23
Changes will make it harder for investors to overlook reporting requirements
Continuing to muddle through, massage the figures and implement bad policies will only make the problems worse
But UK chancellor’s tax incentives to nurture business investment are constrained by his own fiscal rules
Office for Budget Responsibility says country’s long-term growth prospects look no better than they did last November
Last year’s ‘fiscal statement’ showed the need for reforms to strengthen input of the Bank of England and the OBR
Chancellor will not have room for big giveaways on March 15 because of new forecasts of weak economic outlook
Jeremy Hunt has a £30bn windfall after higher tax revenues and lower subsidies for household energy bills
Hunt and Sunak insist their focus is on controlling UK public finances and inflation
Energy support schemes drive up figures as ONS report shows highest borrowing since monthly records began in 1993
Treasury committee argues move would help fiscal watchdog improve forecasting of public finances
UK government says money is to aid wholesale purchase of electricity and gas for failed group’s 1.5mn customers
Unlike Kwasi Kwarteng, the chancellor accepted the OBR’s dire predictions for the economy
Chancellor pushes back many measures announced in Autumn Statement until after expected general election in 2024
International Edition