OBR forecasts to force government to raise taxes next Budget?
The long-term outlook for government finances suggests that tax increases are inevitable. The Office for Budget Responsibility (OBR) produces medium-term financial forecasts alongside the Budget and Spring Statement, but that is not its only task. It is also required to take a longer-term view of the public finances, producing a Fiscal Sustainability Report every two years. The latest version of the report was published in mid-July and did not make for comforting reading. This graph is a good summary