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UK to Implement Mileage Tax for Electric and Hybrid Vehicles from 2028
The United Kingdom will introduce a mileage-based tax on electric and plug-in hybrid vehicles starting April 1, 2028, a measure aimed at revenue generation as reported by the Office for Budget Responsibility (OBR).

Pension Triple Lock to Drive UK Public Spending Pressure
The Office for Budget Responsibility (OBR) has identified the UK's state pension triple lock, which links annual increases to inflation, wage growth, or 2.5%, as a key factor in future public spending pressure.

UK Mansion Tax Could Affect 165,000 Homes in First Year, OBR Predicts
The Office for Budget Responsibility (OBR) estimates that a proposed mansion tax in the UK could impact 165,000 properties in its initial year, potentially rising to 167,000 by 2030.

UK's Reeves Forecasts GDP Growth
UK Shadow Chancellor Rachel Reeves announced that the Office for Budget Responsibility (OBR) forecasts a GDP growth of 1.1% for the UK economy in 2026.

UK Government Reforms Budget Watchdog to Reassure Markets
Robert Jenrick has pledged to reform, rather than abolish, the Office for Budget Responsibility (OBR) in an effort to calm financial markets and demonstrate fiscal responsibility.