{"id":130613,"date":"2022-10-08T00:20:17","date_gmt":"2022-10-07T17:20:17","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/obr-forecasts-likely-to-show-60bn-70bn-hole-after-kwartengs-mini-budget\/"},"modified":"2022-10-08T00:39:05","modified_gmt":"2022-10-07T17:39:05","slug":"obr-forecasts-likely-to-show-60bn-70bn-hole-after-kwartengs-mini-budget","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/obr-forecasts-likely-to-show-60bn-70bn-hole-after-kwartengs-mini-budget\/","title":{"rendered":"OBR forecasts likely to show \u00a360bn-\u00a370bn hole after Kwarteng\u2019s mini-budget"},"content":{"rendered":"


\nPredictions handed to chancellor expected to paint gloomy picture for UK economy amid slowing growth outlook and sweeping tax cutsKwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are expected to show a hole of more than \u00a360bn left by his sweeping tax cuts and a sharply slowing growth outlook.At the end of a turbulent week for Liz Truss\u2019 government, the chancellor was on Friday handed the initial predictions for the economy and public finances by the Office for Budget Responsibility (OBR) which are likely to paint a gloomy picture. Continue reading…
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\nSource : theguardian.com
\nRead more…OBR forecasts likely to show \u00a360bn-\u00a370bn hole after Kwarteng\u2019s mini-budget<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid slowing growth...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-130613","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xYF","jetpack-related-posts":[{"id":130680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kwarteng-faces-60bn-black-hole-in-public-finances-as-borrowing-costs-soar-again\/","url_meta":{"origin":130613,"position":0},"title":"Kwarteng faces \u00a360bn black hole in public finances as borrowing costs soar again","date":"October 11, 2022","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Kwarteng faces \u00a360bn black hole in public finances as borrowing costs soar again","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149962,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spring-statement-2025-what-does-it-mean-for-your-finances\/","url_meta":{"origin":130613,"position":1},"title":"Spring statement 2025: what does it mean for your finances?","date":"March 27, 2025","format":false,"excerpt":"\r OBR says average income of 3.2 million families affected by benefits cuts will drop by \u00a31,720 a year in real termsThe chancellor, Rachel Reeves, has delivered her spring statement, and the Office for Budget Responsibility (OBR) has published its latest report on what the plans will mean for the\u2026","rel":"","context":"In "Property 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