Reeves faces £20bn hit to UK public finances from productivity downgrade
Bigger than expected reduction in OBR forecast deals blow to chancellor ahead of Budget
Related reading
Treasury prepares tax reforms in push to boost UK productivity
Fears of £10bn downgrade from OBR prompt hunt for measures to improve growth
Spending review: Reeves unveils Labour’s plans
Chancellor is expected to launch borrowing-fuelled increase but tight budgets for many departments
Reeves has reassured the bond vigilantes but tests to come
Investors welcomed Budget’s fiscal rigour, giving the chancellor the benefit of the doubt on implementation, productivity and…
Britain needs a bold Budget, not just another balancing act
The chancellor must initiate lasting reforms to raise revenue and cut costs
UK borrowing for fiscal year blows past official forecasts
Shortfall between April and August highlights challenge for chancellor Rachel Reeves in November Budget
Free the government’s hands by taking back its fiscal brain
The conservatism of the Office for Budget Responsibility means the current framework is a hindrance to growth