Office for Budget Responsibility

Treasury may have broken law by failing to reveal £9.5bn spend in Tory budget, MPs told

Treasury officials may have broken the law when they failed to alert the Office for Budget Responsibility about £9.5bn of spending that should have appeared in the March budget,...

Investment drives growth. That’s why gloomy forecasters are so wrong about the budget | Will Hutton

There is a consensus among economists that a precondition for higher growth is higher levels of investment, and...

Reeves opts to not raise tax on pension contributions in October budget

Rachel Reeves has decided not to raise tax on pensions contributions in this month’s budget, after public sector...

Corporate UK tax breaks to cost £20bn more than they generate, study finds

Corporate tax breaks designed to encourage companies to buy new machinery and equipment are set to cost the...

Can UK avoid national debt almost tripling over next 50 years?

A near tripling of the national debt; public spending accounting for well over half the economy’s annual output;...

UK debt projected to almost triple over next 50 years, watchdog warns

The UK’s debt mountain will almost triple to more than 270% of national income over the next 50 years because of pressures from an...

Labour MP pushes for watchdog to assess PFI costs under budgets bill

A senior Labour backbencher is seeking to have liabilities from schools and hospitals built under private finance initiative (PFI) deals scrutinised under a new...

These were not the choices I wanted to make, but they are the right choices for Britain | Rachel Reeves

During the general election, I made a promise to the British people: to restore economic stability. I did so because I saw the damage...