Office for Budget Responsibility

“It indicated that it expects the state pension age to reach 68 between 2037 and 2039, around seven years ahead of the original plan.”

“The state pension already constitutes a significant portion of Government spending, accounting for approximately 5% of GDP.”

“This figure is projected to rise to 9% of GDP in the next 50 years.”

“the state pension, which increases every year in line with the triple lock pledge (the highest of wage growth, inflation, or 2.5%), was on an 'unsustainable' path.”

“The state pension age is gradually rising from 66 to 67, in a process that started in April 2026 and is due to end in April 2027.”

“Eligibility for people born between April 6, 1960, and March 5, 1961, is phased in by specific monthly increases rather than a single fixed date.”

“A further rise to age 68 is currently pencilled in between 2044 and 2046.”

“forecasting that costs will rise by 2.7 per cent of gross domestic product (GDP) between 2028/29 and 2073/74.”

“The Office for Budget Responsibility forecasts that more than nine per cent of deaths will result in an inheritance tax bill by 2030-31, compared with five per cent last year”

“the triple lock is expected to cost the Treasury £15.5billion a year by 2029-30.”

“Spending on the state pension is also forecast to rise from around 5 per cent of GDP today to almost 9 per cent by the 2070s.”

“Between four and five per cent of estates currently pay inheritance tax, a proportion the Office for Budget Responsibility expects to reach seven per cent by the end of the decade.”

“The Office for Budget Responsibility has forecast that spending driven by the triple lock will exceed earnings-linked increases by £15.5billion a year by 2030, around three times higher than original…”

“The Office for Budget Responsibility (OBR) had previously forecast that pupil numbers in the independent sector would decline by around 6 per cent over the longer term.”

“the taxpayer cost is set to rise from £4bn to £9bn”

“average increase of 20% a year in real terms”

“Details of the review are expected to be announced in the Budget on 22 June”

“estimated at £155bn this year”

“The OBR is predicting that the UK's public deficit will fall to 10.5% of GDP - or £155bn - in the 2010-11 financial year, from the 11.1% estimated by Labour”

“the structural deficit ... will widen from the Labour prediction of 7.3% of GDP in 2010-11 to 8%”

“the Office for Budget Responsibility (OBR) was forecasting that the government would meet these targets a year early, by 2015.”

“Total borrowing is expected to fall to 2.1% of GDP by 2015, the OBR said, and reach 1.1% by 2016.”

“Current borrowing stands at £155bn - 11% of GDP.”

“The UK's total debt, which currently stands at more than 62% of GDP, is forecast to peak at 70% of GDP in 2013-14, before falling to 67% by 2015-16.”

“It is now forecasting that the UK economy will grow by 1.2% this year and 2.3% in 2011, lower than the previous government's forecasts.”

“Unemployment is forecast to rise to a peak rate of 8.1% this year.”

“inflation is also expected to peak at 2.7% by the end of the year before falling back towards the 2% target.”

“The Office for Budget Responsibility (OBR) predicts the economy will expand 2.6% in 2011, down from the 3% to 3.5% estimate given in Labour's last Budget.”

“It predicts that the UK's public deficit will fall, down to 10.5% of GDP in the 2010-11 financial year, from the 11.1% estimated by Labour.”

“For overall net government debt - the sum of all borrowing - the OBR estimates this will decline to 62.2% of GDP in 2010-11 from the previous estimate of 63.6%.”

“the structural deficit - the part of the deficit that is not automatically reduced by economic growth - will widen from Labour's prediction of 7.3% of GDP in 2010-11 to 8%.”