Budget 2023: living standards to fall by 6% and inflation to outstrip income growth say OBR

By Andrew Quinn

Deputy Group Live Editor

Published 15th Mar 2023, 12:18 GMT

Updated 15th Mar 2023, 14:50 GMT

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The Chancellor of the Exchequer has delivered his first ever Spring Budget in the House of Commons on Wednesday afternoon.

Amongst the major announcements was an expansion to free childcare.

Budget 2023: OBR project inflation to come down to 2.9% by end of year

Key Events

OBR project inflation to come down to 2.9% by end of year
‘Dressing up stagnation as stability’ says Labour leader Keir Starmer
Pension Lifetime Allowance abolished
Energy Price Guarantee extended until end of June

Jeremy Hunt Budget childcare House of Commons Inflation

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