The Treasury Committee has urged ministers to protect the independence of the Office for Budget Responsibility while recommending that the fiscal watchdog add a new 10-year forecast alongside its existing five-year outlook.
Charlotte Mercer · 3 min readUK public-sector borrowing reached £77.3 billion between April and August, placing it £8.1 billion above the Office for Budget Responsibility's forecast.
Charlotte Mercer · 4 min readUK government borrowing costs have surged, with 30-year gilt yields reaching 5.925% — their highest level since 1998 — adding pressure on Chancellor John Healey ahead of his first Budget.
Charlotte Mercer · 3 min readBritain has sold £4.25 billion of 30-year Government debt at a yield of 5.8168%, the highest borrowing cost at any gilt auction or syndication since comparable Debt Management Office records began in 1998.
Charlotte Mercer · 2 min readJohn Healey is set to deliver his first major speech as Chancellor on Monday, with UK borrowing costs at their highest level since 2007 and pressure mounting ahead of the 28 October Budget.
Charlotte Mercer · 4 min read