British finance minister Rachel Reeves is working out how she can get back on track to meet her budget targets, with spending ...

The Department for Work and Pensions ( DWP) is facing major budget cuts in the lead-up to the Chancellor’s Spring Statement.

The Department of Work and Pensions, responsible for benefits such as Universal Credit and PIP, is to see its budget slashed ...

The Chancellor is expected to slash billions of pounds from the welfare bill and other government budgets as she battles to ...

The Department for Work and Pensions is set to see its budget cut ahead of the spring statement as the Chancellor orders ...

Rachel Reeves is set to slash billions of pounds from the Government’s budget at the Spring Statement, after market turmoil and weak economic growth threatened to break one of her central accounting ...

Chancellor Rachel Reeves is expected to slash billions of pounds from the welfare bill and other government budgets as she ...

While the Conservatives have insisted they provided all necessary information, Reeves pushed forward with the Budget Responsibility Law as part of her pledge to further strengthen the OBR to avoid ...

However, it was £5.1 billion smaller than the £20.5 billion forecast for January 2025 by the Office for Budget Responsibility (OBR) at the time of the October Budget. City commentators said that ...

The Office for Budget Responsibility (OBR) monitors the UK government's spending plans and performance. Twice a year, it releases forecasts on the state of the economy and the public finances.

However, this result missed expectations, with economists forecasting £21bn and the Office for Budget Responsibility (OBR) estimating £20.5bn. The interest payable on central government debt stood at ...

City experts believe the Office for Budget Responsibility (OBR) has vastly overestimated the economy’s strength, meaning the spending watchdog will likely be forced to slash its forecasts when ...