BofA has turned constructive on U.K. rates, currently favoring receiving longer-end U.K. real yields versus the US and long-end Gilts on Adjusted Swap (ASW). However, concerns over fiscal ...

In total, government revenues for last year came in £7.8bn below forecasts, the OBR said. Alongside surging spending on benefits, public sector pay and debt interest payments, it meant the ...

By Will Dunn In her Spring Statement speech on Wednesday, Rachel Reeves mentioned the Office for Budget Responsibility (OBR) 19 times. It was supposed to be a speech about how well the Labour ...

Labour’s plan to support more people into work through cost-cutting welfare reforms has been called into question by the Office for Budget Responsibility’s (OBR) own economic forecast.

The OBR also raised its expectation for unemployment and net migration - the number of people immigrating to the UK minus those emigrating. The unemployment rate, the percentage of people out of ...

The Office for Budget Responsibility (OBR) said on Wednesday that it expects UK gross domestic product (GDP) to rise by 1 per cent in 2025. Chancellor Rachel Reeves pledged to tear down red tape ...

Union leader Paul Nowak has questioned the role of the independent Office for Budget Responsibility following Chancellor Rachel Reeves' Spring Statement, saying long-term government decisions ...

Kendall could not respond. Her answer instead was – we have to wait for the Office For Budget Responsibility (OBR). And now the quango has come up with the goods but they fall well short of the ...

The next two months will see six rounds of back-and-forth between the Treasury and the Office for Budget Responsibility (OBR) as the latter produces fresh forecasts for growth, tax and spending ...

The Office for Budget Responsibility (OBR) has raised concerns over the UK government’s controversial plan to introduce farm inheritance tax, suggesting that the proposed policy may not generate ...

The Chancellor was handed £9.5bn of hidden costs from her predecessor Jeremy Hunt’s final Budget, the Office for Budget Responsibility (OBR) said, raising questions over Ms Reeves’s claims of ...