7 h. ago OBR board member says Reeves did not mislead public on Budget

UK chancellor’s fiscal warnings backed by David Miles a day after economic watchdog’s chair resigns

Politics

7 h. ago OBR board member says Reeves did not mislead public on fiscal challenges

David Miles says watchdog’s letter aimed to ‘set the record straight’ after ‘persistent leaks’ to the media

Politics

9 h. ago Budget crisis engulfs Rachel Reeves as OBR watchdog slams Treasury briefings

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

Events

9 h. ago Budget crisis grows for Rachel Reeves as watchdog slams briefings

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

Events

10 h. ago OBR confronted Treasury about ‘unhelpful’ policy leaks before Reeves’ Budget

The economy watchdog raised concerns with the Treasury about the amount of information being leaked ahead of the chancellor’s statement

Events

11 h. ago Reeves tax rises to hit UK economic growth, warns OECD as Cabinet meets after Budget bust

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

Events

12 h. ago OBR says Reeves calling pubic finances ‘very challenging’ before Budget was not misleading

Fiscal watchdog faces Treasury committee after accidental publication of key report prompted chair to resign

Economics

12 h. ago OBR says Reeves calling public finances ‘very challenging’ before Budget was not misleading

Fiscal watchdog faces Treasury committee after accidental publication of key report prompted chair to resign

Economics

12 h. ago OBR says Reeves did not mislead public over Budget forecasts

Fiscal watchdog faces Treasury committee after accidental publication of key report prompted chair to resign

Politics

13 h. ago Will scapegoated OBR chief wield the knife on Reeves? Richard Hughes 'knows where bodies are buried' as Chancellor fights to cling on over Budget lies

Speculation is swirling about Richard Hughes' intentions after he dramatically quit as the head of the OBR following months of tensions with the Chancellor.

Events

15 h. ago The most misleading thing about Rachel Reeves’s budget? Who it was really for | Aditya Chakrabortty

Labour backbenchers have been cheering it as a win for the most vulnerable in socety. In fact it was aimed at the bond marketsThe charge is a grave one: that Rachel Reeves has just lied to Britons, spooking them into paying billions in extra taxes that she can splash out on higher benefits. However hyperbolic, this isn’t the usual Westminster sparring; this time, someone might get hurt. A week ago, critics of Reeves and Keir Starmer were, rightly, calling their budget “chaotic”. Today, it’s denounced as lies, and Kemi Badenoch is demanding the chancellor quit. It’s an accusation that demands straightforward answers, so let me give mine. Did the chancellor tell lies? On the available evidence, no. There were no whoppers, no falsehoods, no porkies. But despite Starmer’s comments yesterday, that doesn’t mean there’s nothing to see here and we can all move along. Reeves did mislead the public about the factors shaping her decisions. Was it all to funnel cash to “benefits street”, as the...

Politics

25 h. ago Starmer insists there was ‘no misleading’ after claims Reeves lied in run

Keir Starmer forced to publicly defend chancellor over accusations she lied about country’s finances - as Labour MPs voice discontent

Politics

26 h. ago OBR chair quits after inquiry into early release of budget document

Richard Hughes takes ‘full responsibility’ for watchdog error as Starmer attempts to secure chancellor’s positionThe chair of the Office for Budget Responsibility has resigned after a damning internal inquiry into the leak that threw Rachel Reeves’s budget into chaos described it as the “worst failure” in the institution’s history.The departure of Richard Hughes, who said he took “full responsibility” for the watchdog’s failure to handle sensitive information, dragged the rolling recriminations over the budget into a fifth day. Continue reading...

Economics

26 h. ago Starmer insists there was ‘no misleading’ amid claims Reeves lied in run

Sir Keir Starmer forced to defend Rachel Reeves during speech as Labour MPs voice discontent

Politics

27 h. ago OBR boss quits after Budget was leaked minutes before Rachel Reeves delivered it

Richard Hughes resigned as chairman of the Office for Budget Responsibility following the massive blunder minutes before the Chancellor's Budget speech last month

Economics

28 h. ago OBR chief resigns after report blames leadership for Budget blunder

A damning report into last week’s Budget leak said the error was the worst failure in the OBR’s 15-year history

Politics

28 h. ago Lying Rachel finds her 'fall guy': OBR chief who exposed Chancellor's lies QUITS over shambolic leak of Budget 

In a letter to the Chancellor and the House of Commons' Treasury Committee on Monday, Mr Hughes said he was taking 'full responsibility' for the embarrassing error.

Politics

28 h. ago OBR chairman resigns after damning report into leak of Reeves’ Budget

The report said the leak was ‘the worst failure in the 15-year history of the OBR’

Politics

29 h. ago OBR chair quits after inquiry into early release of Reeves’s budget

Richard Hughes departs after investigation into how official forecaster accidentally published budget 40 minutes earlyRichard Hughes, the chair of the Office for Budget Responsibility, has quit after the findings of an urgent inquiry by the watchdog into how it inadvertently published Rachel Reeves’s budget 40 minutes early.Hughes wrote to the chancellor and to Meg Hillier, the chair of the Treasury select committee, last week to apologise after the OBR uploaded its documents setting out the details of the budget before Reeves began to speak on Wednesday. Continue reading...

Economics

29 h. ago OBR Budget blunder had happened before, damning report reveals

The report says ‘ultimate responsibility’ rests with the leadership of the OBR, raising major questions for the watchdog’s chair Richard Hughes

Politics