OBR Downgrade Piles Pressure on Chancellor Reeves
The UK's fiscal watchdog has delivered a major blow to the government's economic plans, downgrading a crucial productivity forecast and threatening billions in planned public spending.
The UK's fiscal watchdog has delivered a major blow to the government's economic plans, downgrading a crucial productivity forecast and threatening billions in planned public spending.
Shadow Chancellor Rachel Reeves pledges to give the Office for Budget Responsibility new powers to independently cost Labour's election manifesto, marking a major shift in UK economic policy and transparency.
Business Secretary Kemi Badenoch criticises the Office for Budget Responsibility, accusing it of undermining growth with pessimistic economic projections.
A government review suggests the state pension age may increase to 80, sparking concerns over retirement plans and financial security for millions.
New Chancellor Rachel Reeves calls for an urgent assessment by the Office for Budget Responsibility to address economic challenges and restore public trust.
Chancellor Rachel Reeves calls on the Office for Budget Responsibility to review Retail Price Index calculations, sparking debate over inflation metrics and fiscal policy.
Richard Tice, leader of Reform UK, challenges Keir Starmer to commit Labour's election promises to independent scrutiny by the Office for Budget Responsibility (OBR) to ensure transparency and accountability.
Labour leader Keir Starmer and Business Secretary Kemi Badenoch locked horns during PMQs, with Starmer accusing the government of economic mismanagement and Badenoch defending the Conservatives' record.
Shadow Chancellor Rachel Reeves accuses the government of undermining economic credibility by blocking the OBR from reviewing Labour's manifesto pledges.