Jon Trickett, MP for Normanton and Hemsworth, also argued that the forecaster has entirely the wrong priorities. “The record of the Bank of England, OBR and Treasury is abysmal,” he said.

You really have changed your tune, Sir Keir! Prime Minister says he 'personally struggles' with once-lauded OBR after it refused to accept Labour's claim benefits cuts will get people back into work ...

The Office for Budget Responsibility (OBR)’s chair Richard Hughes said Chancellor Rachel Reeves’s small headroom means the Treasury has left itself exposed to “inevitable” economic shocks.

Richard Hughes, chair of the Office for Budget Responsibility (OBR), has defended the UK forecaster's role in the February leak to Bloomberg, when its growth outlook for the UK was disclosed to the ...

The OBR has also made some rather chunky assumptions about the amount of government bonds it expects the Bank of England to sell from the big pile of bonds it bought during the QE years. This affects ...

No evidence Labour welfare cuts will get more people into work, OBR says. The spending watchdog’s says it was not provided with an analysis of how the reforms could boost employment.

Mortgage rates are set to rise by 100 basis points over the next three years, while house prices will climb by £40,000 over a four-year period, according to the Office for Budget Responsibility. The ...

The OBR cut its economic projections for this year, halving growth from 2% to 1%. Even that is more optimistic than many other forecasters, including the Bank of England, which has the rate at 0.75% .

The OBR said its forecast did not “fully” incorporate the government’s Planning and Infrastructure Bill as it was only tabled in parliament this month and it did not have the full details. In a press ...

The OBR has forecast that inflation will slow significantly in 2026 to 2.1% – below its original prediction from October last year. It said this slowdown will be driven by an easing of energy ...

According to the OBR, changes to the planning system are set to permanently increase the level of real GDP by 0.2 per cent by 2029-30 and by 0.4 per cent of GDP within the next 10 years – an ...

But the OBR upgraded the growth forecasts it previously set in October last year for the four years from 2026. It now expects the economy to grow by 1.9% in 2026, 1.8% in 2027, 1.7% in 2028, and 1 ...