Household incomes set for another grim squeeze as taxes and Middle East crisis add to lost decade, OBR warns

Daily Mail - Oct 28, 2026

The Treasury's OBR watchdog laid bare the challenges facing Britons over the coming years in its forecasts accompanying the Budget.

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Tommy Robinson found guilty of harassing Daily Mail journalists after jurors heard he used 'bully-boy tactics' to intimidate reporters who exposed his UK riots shame
Tommy Robinson found guilty of harassing Daily Mail journalists after jurors heard he used 'bully-boy tactics' to intimidate reporters who exposed his UK riots shame
Robinson, 43, is facing a possible jail sentence after jurors convicting him of harassing two Daily Mail reporters after they exposed him stirring up tensions in the UK while on...
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Chancellor spares smokers and vapers from fresh tax hikes in Budget weeks after inflation-busting duty rise - as vape shops lose business rates relief
Chancellor spares smokers and vapers from fresh tax hikes in Budget weeks after inflation-busting duty rise - as vape shops lose business rates relief
The announcement comes hot on the heels of a hike in tobacco taxes and the imposition of a dedicated Vaping Products Duty on October 1.
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Short of starting his speech by declaring 'This is the Budget for a May 2027 election', I'm not sure how much clearer John Healey could have been on what the Government's real plan is: DAN HODGES
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It is indeed a significant moment. Because John Healey's cautious economic incrementalism signals more clearly than ever that we are heading for a snap election in 2027.
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Airbnb announces major change to guest rules from November 20
Airbnb announces major change to guest rules from November 20
Airbnb guests will no longer be asked to do things like washing up before they leave or stripping the bed
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Carry on claiming: welfare spending £5 billion a year higher than expected
Carry on claiming: welfare spending £5 billion a year higher than expected
Welfare spending will be £5billion a year higher than expected after John Healey failed to set out a plan to slash benefits in his Budget.
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House with incredible underground network of passages and rooms dug by engineer and his children as fun family project sells for £375,000
House with incredible underground network of passages and rooms dug by engineer and his children as fun family project sells for £375,000
Tony Deane, a civil engineer, spent two decades digging the network by hand across more than 1,300 square feet of subterranean space.
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King Charles inspects guard of honour before throwing himself into carnival spirit in the Bahamas
King Charles inspects guard of honour before throwing himself into carnival spirit in the Bahamas
King Charles has a packed programme of engagements from morning to evening, the highlight of which will be a traditional and highly colourful 'junkanoo' parade through Nassau.
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Jurors shown 'depressingly awful and sordid' videos of three masked men allegedly raping 'snoring' mother-of-three after being invited to by her husband
Jurors shown 'depressingly awful and sordid' videos of three masked men allegedly raping 'snoring' mother-of-three after being invited to by her husband
Joanne Young, 49, told how her husband Philip Young admitted he had been on an online forum and 'invited someone round the house to watch us have sex'.
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‘We’re excited to bring it to life’: Padel club to open at former car dealership
‘We’re excited to bring it to life’: Padel club to open at former car dealership
Plans for a new padel and social club have been given the go-ahead for an empty plot once home to a car dealership.
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Female gambler details the clever tricks she used to win $15m at Las Vegas casinos over 20 years
Female gambler details the clever tricks she used to win $15m at Las Vegas casinos over 20 years
Gina Fiore, 48, said she was working as a blackjack dealer when she decided at 24 that she would make gambling her full time job.
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Government scraps standing charges on gas bills - what will it mean for your energy bills?
Government scraps standing charges on gas bills - what will it mean for your energy bills?
This is Money examines what standing charges are, how much they cost households and how the scrapping of them on gas bills will affect you.
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Budget 2026 LIVE as £100 payment to millions among John Healey's major announcements
Budget 2026 LIVE as £100 payment to millions among John Healey's major announcements
The first Budget under Andy Burnham's government is set to focus on giving businesses and households some 'breathing space'
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