Britain borrowed more than expected in June as a jump in inflation pushed up the government's debt costs, adding to speculation about the need for new tax hikes by finance minister Rachel Reeves later ...

Reeves' fiscal rules have left space for longer term investments in infrastructure, although the planning reforms will take ...

The UK budget deficit widened sharply in June, data from the Office for National Statistics showed Tuesday. Public sector net borrowing rose by GBP 6.6 billion from the previous year to GBP 20.7 ...

The Office for Budget Responsibility (OBR) was established by then-Chancellor of the Exchequer George Osborne in May 2010. It is an independent government body that provides analysis of the UK’s ...

The Office for Budget Responsibility (OBR) said yesterday the UK was 'particularly vulnerable' compared to countries that had been quicker to get to grips with public finances.