All articles tagged with #office for budget responsibility
The UK newspapers focus on the resignation of the OBR chief Richard Hughes amid political tensions and budget controversies, while also covering political struggles of Rachel Reeves, UK-EU relations, a criminal arrest, and proposed jury trial reforms.
Lower UK productivity forecasts by the OBR are expected to lead to increased government borrowing, which may force the government to raise taxes to meet its fiscal rules, especially since productivity growth has been weak since 2010 and has been downgraded from optimistic forecasts, making tax hikes more likely in the upcoming budget.