Repeatedly borrowing more is not a long-term solution to rising day-to-day spending pressures.

The Office for Budget Responsibility's (OBR) forecast that the triple lock will cost £15.5bn annually by 2029-30, three times ...

The Treasury Committee said the design of the Lifetime Isa may be diverting people away from more suitable products.

Britain's official budget watchdog said on Tuesday that it had been too optimistic about the country's economic growth ...

– How much does the UK spend in total? The Government is forecast to have spent £313.0 billion on welfare in 2024/25, according to the Office for Budget Responsibility (OBR).

The United Kingdom (UK) is facing a bleak outlook for public finances, the Office for Budget Responsibility (OBR) said Tuesday.

Britain’s fiscal watchdog said it has been too optimistic about the country’s medium-term growth prospects and promised a full evaluation of the economy’s speed limit over the summer in what will be a ...

The UK economy is set for a “daunting” year as the Office for Budget Responsibility (OBR) has warned unfunded spending commitments and global trade tensions are likely to damage public finances.

The planned changes would form the bulk of savings from Labour’s welfare reforms, at an estimated £4.1 billion. Under these rules, around 1.5 million current claimants would not meet eligibility ...

Britain's government borrowed less over the first two months of the 2025/26 financial year than official budget forecasters had expected, helped by an influx of taxes paid by businesses after a ...

How fashions change! Less than a year ago, Labour politicians were falling over themselves to praise the Office for Budget Responsibility (OBR). Labour was elected on a promise of “change”.