Office for Budget Responsibility
- Mar- 2023 -31 MarchBusiness
Badenoch downplays claims UK-Asia trade pact will only boost economy by 0.08%
T rade Secretary Kemi Badenoch has said the UK joining a major Indo-Pacific trade bloc is “about the potential for…
Read More » - 29 MarchBusiness
UK private sector contracts for eighth consecutive quarter
T he UK’s private sector shrank for the eighth quarter in a row at the start of 2023 but saw…
Read More » - 26 MarchBusiness
‘Economy 4% lower than if UK had remained in European Union’
Richard Hughes said the effect of Brexit on the economy is on the “magnitude” of the coronavirus pandemic and rising…
Read More » - 22 MarchBusiness
How worried should we be over the shock rise in inflation?
T he surprise increase in the rate of inflation last month has confirmed that the cost-of-living crisis is far from…
Read More » - 21 MarchBusiness
Chancellor Jeremy Hunt’s pensions shake-up receives support from MPs
M Ps have supported a pensions shake-up that Rishi Sunak claims will help reduce NHS waiting lists. The Prime Minister…
Read More » - 21 MarchBusiness
Outlook for government finances ‘still pretty grim’, economists warn MPs
T he outlook for the Government’s finances is “still pretty grim” despite improved forecasts from the UK fiscal watchdog, economists…
Read More » - 19 MarchBusiness
Kwarteng endorses Hunt’s ‘cautious’ Budget but says tax cuts should come sooner
F ormer chancellor Kwasi Kwarteng said his successor Jeremy Hunt had delivered a “good Budget”, although he called for faster…
Read More » - 19 MarchBusiness
Pensions tax cut for wealthy rewards hard work, says Dowden
T he tax cut for people with pension pots worth more than £1 million defends a “basic, decent principle” of…
Read More » - 16 MarchBusiness
Hunt gets back on the boring track — but where’s the vision?
U K Budgets tend to fall into one of three groups: those that define entire eras, those that fade quickly…
Read More » - 16 MarchBusiness
UK’s tax burden on course to hit highest level since Second World War
T he UK is “charting new ground” as its tax burden is on course to hit the highest level since…
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