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OBR

  • Budget 2026: Healey faces ‘£11bn hole’ as growth slashed and inflation to rise higher

    October 28, 2026

    Britain’s fiscal watchdog has predicted that growth will slump and joblessness and inflation will surge in the coming years, as they warned John Healey will have to find billions of pounds more revenue between 2029 and 2032 in order to prevent cuts to government spending.  The Office for Budget Responsibility said the Chancellor would need [...]

  • Budget: Healey hikes taxes and delays defence spending as economy set to slump

    October 28, 2026

    John Healey has announced a string of tax hikes to fund short-term measures worth billions of pounds to help households and businesses cope with rising prices, in a maiden Budget that omitted major spending plans on defence and welfare.  In his speech, the Chancellor said the government would look to raise defence spending to three [...]

  • Budget 2026 Live: Healey introduces pension tax allowance and lays out bank surcharge plans

    October 28, 2026

    Welcome to City AM‘s Budget liveblog. The Chancellor has delivered his Budget speech in the House of Commons. John Healey announced a range of measures to tackle the cost of living but the market will keep a close eye on his tax and spending plans as the government looks to balance the books. Healey has [...]

  • PHP cyber threat rocks internet as government and companies scramble to fend off attacks

    October 22, 2026

    A cyber threat identified by tech researchers has left government bodies and multinationals as large as Amazon scrambling to build defences and stop hundreds of hacking attacks. The UK government announced that dozens of services had gone offline as a precautionary measure to fend off cyber threats exposed by vulnerabilities in programming languages.  The Office [...]

  • Healey’s fiscal ‘dilemma’ ahead of the Budget

    October 21, 2026

    Forecasters sitting in a small office at the top of the Ministry of Justice building have had their work cut out this week. A week from the Budget, the headquarters for the Office for Budget Responsibility, the independent fiscal watchdog, is likely to be buzzing with staff members double-checking details and estimates in its crucial [...]

  • UK debt pile exceeds £3 trillion one week before Healey’s Budget

    October 21, 2026

    The size of the UK public debt topped £3 trillion in September for the first time in official data released one week before John Healey’s Budget.  The major milestone reflects the difficulties facing the Chancellor ahead of his maiden fiscal statement.  As a share of GDP, public sector debt stood at 94 per cent, about [...]

  • OBR expected to sound alarm on Healey’s spending pressures 

    October 21, 2026

    Britain’s fiscal watchdog is likely to sound the alarm on the spending pressures facing the government when it lays out its analysis of the Budget next week, economists have predicted, in what would be a significant move signalling the scale of the challenges facing the Chancellor. Analysts have said the Office for Budget Responsibility could [...]

  • OBR expected to flag warning over Healey’s spending pressures

    October 21, 2026

    Britain’s fiscal watchdog is likely to sound the alarm on the spending pressures facing the government when it lays out its analysis of the Budget next week, economists have predicted, in what would be a significant move signalling the scale of the challenges facing the Chancellor. John Healey is facing a crunch Spending Review next [...]

  • The Chancellor should be brave and reform the OBR

    October 20, 2026

    Reforming the OBR will take courage, but it would well be worth it, writes Michael Martins in today's Notebook.

  • UK has ‘low capital gains tax rates’, Healey says

    September 27, 2026

    The UK enjoys the lowest capital gains tax rate of any major European economy, Chancellor John Healey has said, raising the prospect of another hike at the Budget.  Healey has said he wanted to improve the UK’s economic fortunes yet pointed to the UK’s competitiveness on capital taxes when speaking about business confidence.  He told [...]

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