Britain's Office for Budget Responsibility Chair Richard Hughes announced on Monday that it will review preparations for the forecasts underlying the Conservative's Spring Statement after newly-appointed Chancellor of the Exchequer Rachel Reeves' audit showed a £22 billion "black hole" in public...
In the November 2022 Economic and fiscal outlook released on Thursday in tandem with the new United Kingdom government's economic package, the Office for Budget Responsibility estimated that inflation will finally get to the Bank of England's 2% target in 2027, after plunging in 2023 and being...
The Office for Budget Responsibility, a non-departmental public body funded by the United Kingdom Treasury that provides independent analyses of the country's public finances, announced on Friday that it will release the first version of its forecast concerning the government's latest economic plan on...
British Prime Minister Liz Truss (pictured) will hold emergency talks with the Office for Budget Responsibility (OBR) after failing to contain markets; The Guardian reported Thursday, citing a government insider.
The source said the meeting would be "like trying to read the manual after you've broken...
The Office for Budget Responsibility (OBR) warned on Tuesday the United Kingdom economy will not return to its pre-crisis level before 2022, and might not fully recover before 2024.
The OBR described the largest decline in the annual gross domestic product (GDP) for 2020 as the "worst for 300...
United Kingdom's Office for Budget Responsibility (OBR) estimated on Tuesday that the coronavirus-related job subsidy programs, which include the job retention and the support for self-employed workers schemes, will cost the government £75 billion.
According to the data released by the Treasury,...
The gross domestic product (GDP) of the United Kingdom is expected to drop 35% in the second quarter of 2020 amid the coronavirus pandemic, the Office for Budget Responsibility (OBR) said on Tuesday in an estimate of the economic situation that takes into account a three-month lockdown and...
The impact of tariffs that the United Kingdom announced for the scenario of a no-deal withdrawal from the European Union will be "limited," Charlie Bean, a committee member of the Office for Budget Responsibility, said on Tuesday.
Speaking to the Treasury committee of the Parliament, Bean...
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