Reeves ‘not satisfied’ as economic growth slows in third quarter Politics Rachel Reeves has said she is “not satisfied” after official figures showed economic growth slowed in the months after Labour won the election, and even contracted in September. The UK economy grew by 0.1 per cent between July and September, versus 0.5 per cent growth in the previous quarter, the Office for National Statistics (ONS) [...]
Government ‘would breach fiscal rules with minor rate rise’ Economics The Chancellor would be in breach of her own fiscal rules if interest rates remain just 30 basis points higher than the fiscal watchdog forecasts, Office for Budget Responsibility (OBR) economists have said. Giving evidence to the Treasury Committee, OBR member Tom Josephs told MPs that his colleagues conducted analysis that found “a change of [...]
Treasury fails to deny capital gains tax hike as Reeves readies ‘broken’ finances warning UK Politics Rachel Reeves is set to warn of the "broken" state of the UK's public finances in a speech on Monday, as rumours of a hike in capital gains tax continue to swirl.
Fiscal prudence? The iron chancellor doth protest too much July 24, 2024 Rachel Reeves’ decision to expand the powers of the OBR suggests apprehension, not confidence, writes Tim Focas. Rachel Reeves has promised to be an “iron chancellor” embodying fiscal constraint and discipline. Yet, her first legislative move to enhance the powers of the Office for Budget Responsibility (OBR) raises questions about her own confidence in living [...]
OBR, workers rights and planning: What to watch out for in the King’s Speech? July 16, 2024 Labour will set out their programme for government on Wednesday, when King Charles will deliver the King’s Speech as part of the state opening of Parliament.
Election 2024: When will the next Budget be? July 3, 2024 City A.M.’s guide to when the next Budget is likely to come and what it might look like.
Reeves and Hunt are being dishonest. Their plans mean taxes will have to go up June 4, 2024 Hunt and Reeves should engage in a grown-up debate about their economic plans rather than mislead the public about what will likely have to happen to taxes under their watch, Chris Dorrell writes
Spring Budget 2024: Why the OBR forecasts should be taken with a side of salt March 6, 2024 These are just forecasts. They will be wrong. This isn't a criticism of the OBR. Forecasting the performance of a £3.3trn economy over five years is just quite hard.
Spring Budget 2024: OBR upgrades UK growth forecasts on lower inflation and growing population March 6, 2024 The OBR is markedly more optimistic than the Bank of England and has upgraded next year's prospects are better than expected