Tag: OBR forecast
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UK Government Borrowing in 2025 Tops OBR Forecasts, Despite December Slip
Overview: A Surprising Beat to the OBR Forecasts New figures from the Office for National Statistics (ONS) show that total government borrowing in December 2024, and for the 2024/25 financial year more broadly, has surprised analysts by surpassing the Office for Budget Responsibility (OBR) forecasts. December borrowing came in at £11.6 billion, noticeably lower than…
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Total Government Borrowing in 2025 Exceeds OBR Forecasts
UK Borrowing in December 2025 Beats Forecasts as Total for the Year Rises The latest release from the Office for National Statistics (ONS) confirms a pivotal moment for fiscal policy in 2025. Government borrowing in December stood at £11.6 billion, a figure that surprised City economists who had forecast a higher deficit of £13.4 billion…
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Reeves Signals Higher Taxes on the Wealthy as Part of November Budget Plan
Overview: Reeves frames November budget as a growth-focused plan Chancellor Rachel Reeves has signaled that higher taxes on the UK’s wealthiest could feature in the upcoming November budget, framing the move as part of a broader strategy to repair public finances without returning to austerity. Speaking in Washington at the International Monetary Fund (IMF) meetings,…