Category: Budget deficit

Thames Water collapse could trigger Truss-style borrowing crisis, Whitehall officials fear

Exclusive: Concerns over effect on UK’s finances lead officials to believe utility should be renationalised before general electionSenior Whitehall officials fear Thames Water’s financial collapse could trigger a...

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Gordon Brown: UK has to get on war footing for economic growth

Former prime minister will tell thinktank the Treasury is in danger of retreating into ‘comfort zone’Britain needs to be put on an economic “war footing” if it is to break out of a vicious cycle of low...

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Budget 2024: Hunt gambles with highest tax burden since second world war

Chancellor’s £10bn national insurance cut funded by ‘non-dom’ tax breaks is final major economic intervention before electionPolitics live: latest news and reaction on UK budgetBudget: key points at a...

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Budget 2024: Jeremy Hunt announces 2p cut in national insurance

Chancellor’s expected pre-election gambit follows identical reduction in autumn statementJeremy Hunt has announced a 2p national insurance cut in his budget as a pre-election gambit to revive flatlining opinion poll...

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What are the UK’s ‘fiscal rules’ and why is the OBR under attack?

The Treasury watchdog is seen by some Tories as a block to tax cuts – and could be ignored by Jeremy HuntIt has been described as a millstone around the chancellor’s neck and the reason Conservative MPs could be...

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Jeremy Hunt plays down talk of spring budget tax cut after IMF warning

Chancellor says less room now for giveaway in March despite being widely thought to be gearing up for cutsThe chancellor, Jeremy Hunt, has said there will be less room for tax cuts in the spring budget next month, just days...

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Jeremy Hunt cuts national insurance but UK tax burden set to hit high amid plummeting living standards – as it happened

Chancellor cuts national insurance but OBR says UK facing biggest fall in living standards since records beganAutumn statement – key points at a glanceJeremy Hunt’s autumn statement tax cuts fuel talk of spring...

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Jeremy Hunt’s autumn statement tax cuts fuel talk of spring election

Chancellor unveils 2p national insurance cut but thinktanks warn next government faces fresh round of austerity Jeremy Hunt announces tax cuts for firms and workersAutumn statement 2023: key points at a glanceWhat it means for...

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Autumn statement live: Jeremy Hunt cuts national insurance but UK tax burden set to hit high amid plummeting living standards

Chancellor cuts national insurance but OBR says UK facing biggest fall in living standards since records beganAutumn statement – key points at a glanceKeir Starmer has said that a pause in hostilities between Israel and...

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