# Office for Budget Responsibility

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/office-for-budget-responsibility
Canonical HTML page: https://getyourbrief.com/entity/office-for-budget-responsibility

## Timeline

- **2026-10-28**: Chancellor Healey's first Budget — Healey faces an inaugural Budget with debt at £2.985 trillion and borrowing already above OBR forecasts for the financial year.
- **2026-08-21**: ONS releases July public finance figures — The data confounded expectations, with most economists forecasting zero borrowing and the OBR projecting a £500 million surplus.
- **2026-08**: Burnham splits growth and Treasury mandates — Prime Minister Andy Burnham says a Manchester-based satellite Downing Street office will lead growth policy while the Treasury focuses on public finances.
- **2026-07**: July borrowing unexpectedly rises to £1.8bn — Borrowing for July came in £700 million, or 68.7 per cent, above the same month a year earlier, despite record July income tax receipts.

## Recent coverage (1 stories, network-wide)

### UK July Borrowing Jumps 68.7% to £1.8bn, Debt Nears £3tn
2026-08-21 16:56:21 · Sector: finance · Sentiment: Neutral · Impact: 5/10 · Sources: 2

UK public borrowing unexpectedly hit £1.8bn in July, defying economist forecasts and the OBR's projected £500m surplus. With debt at 94.1% of GDP and the Treasury's first Budget due 28 October, investors face renewed uncertainty over gilt supply, tax policy, and fiscal headroom.
Full story: https://getfinancebrief.com/story/uk-july-borrowing-jumps-debt-nears-3tn-finance

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