Stride vows to protect OBR in new dividing line with Farage January 12, 2026 Shadow Chancellor Mel Stride has vowed to protect the Office for Budget Responsibility (OBR) in any future Conservative government, drawing a dividing line with Reform’s Nigel Farage on approaches to controlling public finances. Stride is expected to re-establish the Conservative Party’s firm commitment to maintaining the fiscal watchdog as an independent body scoring the effects [...]
Migrant visa applications plummet in test to Reeves January 10, 2026 Migrants’ skilled worker visa applications plummeted in December, posing a test to Rachel Reeves and economists at the Office for Budget Responsibility (OBR) to take control of public finances. New figures showed that the number of skilled worker visa applications dropped to 2,500 in December, having increased to a peak of 10,100 in April 2024. [...]
Fiscal rules are a ‘self-awarded badge of honour’ that ‘make no difference’ January 9, 2026 Fiscal rules are “largely ineffective” and fail to impose discipline on public expenditure, a new report has said, bringing into question claims made by UK Chancellors and the International Monetary Fund that a clear list of targets can stabilise public finances. Chancellor Rachel Reeves has held up her “iron-clad” fiscal rules, which hinge on changing [...]
Labour ‘quietly hammering’ workers as pensioners benefit, think tank warns January 2, 2026 The Labour government is “quietly hammering” workers following the Autumn Budget’s stealth tax raid while pensioners and those on benefits are set to enjoy a jump in income, a think tank has said. In the November Budget, Rachel Reeves extended the freeze on income tax thresholds until 2031 – a move which is viewed as [...]
Rachel Reeves: Leak to the FT was inaccurate December 10, 2025 Chancellor Rachel Reeves slammed briefings provided to media outlets in the lead-up to the Budget as she referred to a specific Financial Times news report which had “partial and inaccurate” information. In a Treasury Select Committee hearing on Wednesday morning, the Chancellor hit out at leaks in the months leading up to the Budget, adding [...]
Stride criticises FCA for not investigating Treasury December 4, 2025 Shadow Chancellor Mel Stride has criticised the Financial Conduct Authority (FCA)’s decision to hold back from launching an investigation into whether the Treasury engaged in market manipulation before the Budget, adding that there was a risk of a “precedent” being set where confidential information is leaked “without consequence”. Earlier on Thursday, FCA chief executive Nikhil [...]
The Leaky War: How Rachel Reeves and the OBR came to blows December 4, 2025 Between 5:16am and 11:30am on the day of the Budget, as Rachel Reeves was putting the finishing touches to her House of Commons speech, 7 audacious internet users made 44 attempts to break into the servers of Britain’s fiscal watchdog to get an early glimpse of her plans. An hour before Reeves stood up in [...]
FCA chief ducks committing to investigating Treasury briefings December 3, 2025 The boss of the City watchdog appeared to skirt committing to investigating Treasury briefings when pressed on the Labour government’s “possible market abuse” on Wednesday morning. Nikhil Rathi, chief executive of the Financial Conduct Authority, has been lobbied by the Conservatives and other opponents to the Labour government to look into the rogue briefings on [...]
OBR chief hits out at ‘misconceptions’ in Treasury briefings December 2, 2025 A top economist at the Office for Budget Responsibility (OBR) has defended a decision to release a letter that contradicted anonymous Treasury briefings in media reports, adding that details in reports were “damaging” to the fiscal watchdog. David Miles, a member of the Budget Responsibility Committee (BRC), told MPs on the Treasury Select Committee that [...]
FTSE 100 Live: OBR chiefs face MP grilling; Food inflation slows December 2, 2025 Good morning and welcome back to the City AM liveblog. The Office for Budget Responsibility (OBR) admitted its “worst failure in the 15-year history” of the fiscal watchdog on Monday. This morning, from 10am, two of its remaining spokespeople will be facing a grilling from the Treasury select committee of MPs. The sensational leak of [...]