Rachel Reeves v the OBR: chancellor aims to loosen the watchdog’s grip

The GuardianSaturday, October 11, 2025 at 6:00:17 AM
Rachel Reeves v the OBR: chancellor aims to loosen the watchdog’s grip
Rachel Reeves, the Chancellor, is seeking to reduce the influence of the Office for Budget Responsibility (OBR) as Labour grapples with challenging economic forecasts. This move is significant as it reflects Labour's attempt to navigate a tough financial landscape while aiming to bolster the UK economy against potential market volatility. The outcome of this strategy could have lasting implications for fiscal policy and public confidence in economic management.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Revealed: Labour-run council using legal loophole to serve families with no-fault evictions
NegativeWorld Affairs
A Labour-run council in London is facing criticism for exploiting a legal loophole to issue no-fault evictions to numerous families, contradicting Keir Starmer's commitment to abolish this practice. This situation raises significant concerns about housing security and the integrity of political promises, especially as the council's actions seem to undermine the party's pledge to protect vulnerable tenants ahead of the upcoming elections.
Rachel Reeves looks for extra headroom in budget to insulate UK economy against bond market
NeutralWorld Affairs
Chancellor Rachel Reeves is working to create additional financial headroom in the UK budget to protect the economy from potential instability in the bond market. This move aims to alleviate concerns about possibly breaching fiscal rules, which could lead to damaging speculation. By securing more funds, Reeves hopes to strengthen the UK's financial position and ensure economic stability, making this a significant step for the government's fiscal strategy.
Labour’s softening stance towards China reinforced by dropped spy case
NeutralWorld Affairs
Labour's recent shift in its stance towards China has raised eyebrows, especially as the government now refrains from labeling China a national security threat, despite ongoing concerns about human rights abuses. This change comes after a period where Labour was vocal about China's treatment of the Uyghur Muslim minority, even supporting a genocide amendment in a trade bill. The implications of this softening approach could affect international relations and trade policies, making it a significant topic for discussion.
Yvette Cooper defends children as young as 13 needing digital ID – as it happened
NeutralWorld Affairs
Yvette Cooper has recently defended the necessity of digital IDs for children as young as 13, highlighting the importance of modern identification in today's digital age. This discussion comes in the wake of local election results in Skelton East, where Reform UK achieved a remarkable 65.3% of the vote, overshadowing Labour and the Conservatives. The implications of digital IDs for youth are significant, as they could enhance security and access to services, but also raise concerns about privacy and data protection.
'The time is now': Plaid Cymru leader hits out at Labour and Reform in bid to lead Wales
PositiveWorld Affairs
Plaid Cymru leader Rhun ap Iorwerth is rallying support as he aims to challenge the long-standing dominance of Labour in Wales ahead of the upcoming May elections. He believes this is a pivotal moment for his party to bring about significant change in the region. This election is crucial as it could reshape the political landscape in Wales, offering voters a fresh alternative and potentially ending a century of Labour governance.
US Senate advances massive Pentagon spending bill
PositiveWorld Affairs
The US Senate has taken a significant step by advancing a nearly $1 trillion Pentagon spending bill that not only boosts military funding but also extends aid to Ukraine through 2028. This move is crucial as it reflects the US commitment to supporting its allies and enhancing national security amidst ongoing global tensions. The bill's passage is expected to have a positive impact on defense capabilities and international relations.
What are National Insurance and income tax and what could change in the Budget?
NegativeWorld Affairs
Experts are raising concerns that the government might go back on its promise not to increase income tax, National Insurance, or VAT for working individuals. This potential shift could significantly impact the financial landscape for many, making it a crucial topic as the Budget approaches.
France's Macron summons party leaders as deadline looms for naming PM and finalizing budget
NeutralWorld Affairs
President Emmanuel Macron is gearing up to meet with leaders of France's main political parties as he faces a crucial deadline to appoint a new prime minister. With the country on its sixth PM in less than two years, Macron is looking for a unifying figure who can bridge the divide between the centre-right and centre-left to ensure the budget passes in a fragmented parliament. This meeting is significant as it comes at a time when the political crisis is impacting economic growth, making the choice of PM critical for France's future.
I saw desperation at the Tory conference – but all traditional parties may be in this position soon | Andy Beckett
NegativeWorld Affairs
At the recent Tory conference in Manchester, a palpable sense of desperation was evident, reflecting a broader crisis affecting not just the Conservatives but also Labour and the Lib Dems. This situation highlights a troubling instability in the political landscape, leaving voters feeling uncertain about their choices. As traditional parties struggle to capture attention and regain support, they may resort to increasingly dramatic policies, which could further alienate an already disengaged electorate. This moment is crucial as it signals potential shifts in voter sentiment and the future of political engagement in the UK.
Palestine Action ban must be explained, Labour peer tells Starmer
NeutralWorld Affairs
Labour peer Harriet Harman has urged party leader Keir Starmer to provide clearer explanations regarding the government's designation of Palestine Action as a proscribed terrorist group. This call for transparency highlights the ongoing debate about the classification of activist groups and the implications it has for free speech and political expression. Understanding the rationale behind such designations is crucial for public discourse and the Labour Party's stance on related issues.
Phillipson presses Starmer and Reeves to abolish two-child benefit cap in full
PositiveWorld Affairs
Bridget Phillipson, the education secretary, is advocating for the complete abolition of the two-child benefit cap in the upcoming budget, arguing that this move is the most effective way to combat child poverty. Her push comes as she prepares a report for Prime Minister Keir Starmer and Chancellor Rachel Reeves, emphasizing the need for decisive action to support families in need. This initiative is significant as it addresses a critical issue affecting many households, potentially leading to improved financial stability for children across the country.
Reform UK removes posts after Labour legal threat
NegativeWorld Affairs
Reform UK has taken down several posts following a legal warning from the Labour Party regarding materials related to the Caerphilly by-election. This situation highlights the ongoing tensions between political parties and raises questions about the boundaries of campaign communications. The removal of these posts could impact public perception and voter engagement in the upcoming election.
Latest from World Affairs
Portugal v Republic of Ireland, Spain v Georgia: World Cup 2026 qualifying – live
PositiveWorld Affairs
Excitement is building as the World Cup 2026 qualifying matches kick off, featuring Portugal against the Republic of Ireland and Spain facing Georgia. These games are crucial for teams aiming to secure their spots in the prestigious tournament. With standout performances expected, including Norway's Erling Haaland scoring a hat-trick, fans are eager to see how these matches unfold and impact the teams' chances of qualification.
Paedophile singer Ian Watkins dies in Wakefield prison attack
NegativeWorld Affairs
Ian Watkins, the convicted paedophile singer, has died following an attack in Wakefield prison. Watkins was serving a lengthy 29-year sentence for multiple child sex offences, which he admitted to in 2013. His death raises questions about prison safety and the treatment of high-profile inmates, highlighting ongoing concerns about the management of violent offenders.
Hamas official says disarmament ‘out of the question’; Israel prepares prisoners for exchange – live
NeutralWorld Affairs
A Hamas official has stated that disarmament is not an option, while Israel is preparing to exchange prisoners as part of a truce deal. This exchange involves releasing prisoners, some of whom are serving life sentences for serious offenses, in return for hostages. The situation remains tense, and the implications of these negotiations are significant for both sides, as they navigate the complexities of peace and security in the region.
National guard begins Memphis patrols as senators in Illinois are turned away from Ice facility
NegativeWorld Affairs
In a significant turn of events, the National Guard has begun patrols in Memphis, Tennessee, marking a notable response to ongoing immigration enforcement issues. This development comes as Democratic Senators Dick Durbin and Tammy Duckworth faced barriers when attempting to visit an immigration facility near Chicago, highlighting tensions with the Trump administration. Their experience underscores the challenges faced by lawmakers in addressing immigration policies and the growing militarization of local responses to these issues, which could have lasting implications for communities and national discourse.
No survivors found after Tennessee explosives plant blast
NegativeWorld Affairs
A tragic explosion at a munitions factory in Tennessee has left 18 people unaccounted for, and officials now presume them dead. This incident highlights the dangers associated with explosives manufacturing and raises concerns about workplace safety regulations. The loss of life in such a catastrophic event is a stark reminder of the risks faced by workers in high-stakes industries.
The peerless A’ja Wilson may already be the WNBA’s greatest ever player | Bryan Armen Graham
PositiveWorld Affairs
A'ja Wilson is making waves in the WNBA, solidifying her status as a potential greatest of all time before turning 30. Her remarkable season with the Las Vegas Aces culminated in a championship victory over the Phoenix Mercury, showcasing her exceptional talent and leadership. This achievement not only highlights her individual prowess but also elevates the profile of women's basketball, inspiring future generations and drawing more attention to the league.