Office for Budget Responsibility

The International Monetary Fund (IMF) has slashed its growth forecasts for a number of major European economies for 2012 due to ongoing concerns about the region's recovery.

The Office for Budget Responsibility (OBR) has almost doubled its projections for public sector workforce reductions as a result of spending cuts in today's Autumn Statement.

The full statement from Chancellor George Osborne.

The Office for Budget Responsibility has revised public sector net borrowing forecasts even as Chancellor George Osborne proclaims the effect of falling gilt yields.

The Chancellor has confirmed he will deliver his Autumn Statement on 29 November, on the same day as the Office for Budget Responsibility (OBR) issues its latest economic forecasts.

Public finances are likely to come under pressure into the next Parliament and beyond as Britain struggles to deal with the cost of social care for its an ageing population, the Office for Budget Responsibility (OBR) has said.

The cost of looking after the country's ageing population will become unsustainable unless younger generations work longer and pay higher taxes, analysis by PricewaterhouseCoopers (PwC) has found.

Britain's economic growth will fall significantly short of official forecasts as government cuts take their toll, according to a leading think-tank.

Fund managers believe the revised growth forecast for the UK, revealed in today's Budget, is still too optimistic and may not be an achievable target.

The Office for Budget Responsibility (OBR) said today the UK's economic recovery will lag previous recoveries in the 1980s and 1990s.