Browsing: Office for Budget Responsibility

The UK Office for Budget Responsibility (OBR) has trimmed its 2026 economic growth forecast to 1.4%, spotlighting ongoing inflation struggles and global uncertainties, Reuters reports. This update marks a notable slowdown from previous expectations

The UK’s economy is bracing for far tougher challenges from a 3°C rise in global temperatures than once expected, the Office for Budget Responsibility has revealed, highlighting serious risks to growth and public finances