Browsing: Office for Budget Responsibility News
Retailers have raised concerns about potential job cuts following recent tax increases.The Bank of England’s Andrew Bailey supports retail warnings about the impact of National Insurance…
Chancellor Rachel Reeves recently addressed the scale of the Autumn Budget, citing it as a unique fiscal event.Reeves confirmed that future fiscal events will not match…
Labour plans to raise employers’ National Insurance contributions by 1.2 percentage points, affecting businesses and economic forecasts.From April 2025, employers’ contributions will jump from 13.8% to…
In the latest Autumn Budget, Labour has announced a significant hike in employers’ National Insurance contributions, set to take effect from April 2025.The current contribution rate…
UK public sector net borrowing surged to £13.7 billion in August, significantly above the forecast, pushing national debt to 100% of GDP.Increased spending on benefits and…
The UK’s public sector borrowing has once again surpassed expectations, reaching £13.7 billion last month. This has pushed the nation’s debt to equal its GDP, indicating…
The OECD has issued a stark warning regarding the UK’s fiscal stability.With surging public spending and a rising debt burden, significant reforms are essential.The Organisation for…
Recent findings indicate British firms’ limited response to inflation, affecting low-paid workers.Only 30% of businesses plan to raise pay above inflation, despite cost pressures easing.Over 60%…
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