Government ❯ Public Policy ❯ Economic Policy ❯ Budgeting

Office for Budget Responsibility

Rachel Reeves Announces £6.1 Billion Spending Cuts in Spring Statement

The Chancellor aims to restore fiscal balance amid downgraded growth forecasts, rising borrowing costs, and a £1.6 billion welfare savings shortfall.

UK Government Faces Mounting Pressure as Bond Yields Hit 27-Year High