Yes, the UK needs more investment – just not necessarily by government Opinion After all, the public sector isn't always best suited to overseeing large scale investment projects like the disastrous HS2, writes Julian Jessop
OBR warns national debt is on ‘unsustainable path’ unless government takes action Economics The OBR forecast that government spending would rise to 60 per cent of GDP, from 45 per cent at the moment, whereas revenue will remain flat.
Treasury fails to deny capital gains tax hike as Reeves readies ‘broken’ finances warning UK Politics Rachel Reeves is set to warn of the "broken" state of the UK's public finances in a speech on Monday, as rumours of a hike in capital gains tax continue to swirl.
Fiscal prudence? The iron chancellor doth protest too much July 24, 2024 Rachel Reeves’ decision to expand the powers of the OBR suggests apprehension, not confidence, writes Tim Focas. Rachel Reeves has promised to be an “iron chancellor” embodying fiscal constraint and discipline. Yet, her first legislative move to enhance the powers of the Office for Budget Responsibility (OBR) raises questions about her own confidence in living [...]
OBR, workers rights and planning: What to watch out for in the King’s Speech? July 16, 2024 Labour will set out their programme for government on Wednesday, when King Charles will deliver the King’s Speech as part of the state opening of Parliament.
What if the OBR is too optimistic about growth? March 21, 2024 Chancellors preparing for Budgets fret over their fiscal headroom, but what matters in the long-term is the trend rate of growth. And if the OBR has it’s projections wrong, there will be big consequence for the next government, says Paul Ormerod The Office for Budget Responsibility (OBR) published its economic and fiscal outlook document in [...]