Office for Budget Responsibility - updates

Rappler's latest stories on Office for Budget Responsibility


No-deal Brexit forecast to spark year-long UK recession

Jul 18, 2019 - 5:50 PM

'The UK enters a year-long recession in the fourth quarter of 2019' should Britain depart the bloc on October 31 with a 'no-deal, no-transition Brexit,' the Office for Budget Responsibility (OBR) predicts in a key report

BREXIT RECESSION? Pro-Brexit flags fly from a fishing boat moored in Ramsgate on June 13, 2016.  File photo by Chris J. Ratcliffe/AFP

Brexit to spark UK slowdown, blow hole in public purse

Nov 24, 2016 - 10:26 AM

Britain is predicted to borrow an extra £122 billion 152 billion 143 billion euros in the period to 2021 – about half the amount £58 7 billion a direct consequence of Britain s decision to leave the European Union

A video grab from footage broadcast by the UK Parliament's Parliamentary Recording Unit (PRU) shows British Chancellor of the Exchequer Philip Hammond as he delivers his Autumn Statement to the House of Commons in London on November 23, 2016. PRU/AFP

Britain sticks to austerity path in budget

Mar 21, 2013 - 10:03 AM

Chancellor of the Exchequer Osborne told parliament that Britain must hold to the right track