Category: Budget

UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran...

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Labour MPs call for Andy Burnham to restore aid spending target set by Brown

Thinktank urges prospective prime minister to reclaim UK’s role as an international leader on developmentInfluential backbenchers are calling on Andy Burnham to reclaim Labour’s leadership on international development and chart...

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Two-thirds of UK hospitality businesses plan to cut jobs and one in seven will close, survey finds

Sector cites ‘billions of pounds in additional costs’ from new business rates and increase in minimum wage thresholdsTwo-thirds of hospitality businesses are planning to cut jobs as a result of “suffocating” costs imposed by...

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UK house prices rise in February as chancellor avoids ‘negative speculation’

Rachel Reeves’s upcoming spring forecast has not led to slowdown, as property tax rumours did in NovemberBusiness live – latest updatesUK politics live – latest updatesHouse prices in the UK increased in February as Rachel...

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Brighter UK economy gives Reeves a springboard for March statement

Record public finances accompany stronger retail sales and business activity but some analysts express cautionThe economic backdrop to Rachel Reeves’s upcoming spring statement appeared to brighten on Friday after a trio of...

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Keir Starmer’s next steps: what hurdles must the prime minister now negotiate?

Top aide’s resignation may buy PM time, but coming weeks bring events that could yet end his time in officeKeir Starmer and his supporters will be hoping the resignation of Morgan McSweeney can buy him some time. But in the...

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UK economy entering 2026 amid sharp private sector downturn, says CBI

Business lobby survey finds firms ‘put brakes on key spending decisions’ before autumn budgetHeather Stewart: Four reasons to be cheerful about UK plc in 2026Wes Streeting urges closer EU trading ties to grow economyUK failure...

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UK borrowed more than expected in November amid pre-budget pressure

ONS figures show public sector net borrowing was £11.7bn – £1.9bn less than in same month last yearThe UK government borrowed more than expected in November, official figures show, amid pressure on the economy before chancellor...

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