#obr-forecast

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UK politics
fromwww.bbc.com
2 weeks ago

Ministers insist plans to absorb council Send debts won't hit school budgets

Government will transfer all SEND support costs to central budgets by 2028, absorbing an estimated £6bn and removing liabilities from local authorities.
fromwww.bbc.com
2 weeks ago

UK economy growth forecasts lowered from next year

The UK economy is expected to grow at a slower rate than previously expected from next year, the government's official forecaster has said. The Office for Budget Responsibility (OBR), which maps out how the economy is set to perform based on the government's tax and spending policies, increased its growth expectations for this year, but downgraded its forecast for the following four.
UK news
UK politics
fromHomebuilding
1 month ago

Government clashes with OBR over 1.5m homes forecast

Government maintains 1.5 million homes by 2029 is achievable and will pursue planning reforms, investment, and local partnerships to close the supply shortfall.
UK politics
fromwww.theguardian.com
2 months ago

Rachel Reeves urged to break manifesto pledges to avoid pasty tax' budget

Rachel Reeves remains committed to Labour's manifesto tax pledges despite OBR growth downgrades leaving a large budget shortfall and internal pressure to consider tax measures.
UK politics
fromwww.theguardian.com
2 months ago

New headache for Rachel Reeves as OBR expected to downgrade productivity forecast

A significant OBR downgrade to productivity would shrink growth, forcing tax rises or spending cuts of about 20bn to meet fiscal rules and preserve 10bn headroom.
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