Office for Budget Responsibility

Reeves Shifts Blame to Brexit as Looming Budget Forces Fresh Tax Rises

Brexit is back in the political spotlight as Chancellor Rachel Reeves prepares for next month’s budget, facing the difficult task of selling another round of tax increases to voters already weary of financial pressure. In what marks a significant change of tone, Reeves is expected to argue that the economic damage caused by the Conservatives’ […]

Treasury Plans New Innovation Tax Breaks Amid Productivity Downgrade Fears

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The Treasury is exploring plans to introduce fresh tax breaks for innovators and startups as part of efforts to boost Britain’s productivity and offset an anticipated downgrade in official forecasts. Officials in Chancellor Rachel Reeves’s department have been instructed to develop “pro-growth” policies to soften the impact of revised productivity estimates from the Office for

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