Category: Economic policy

Reeves mulls deeper cuts to public services as borrowing costs soar

Chancellor could slash departmental spending in spring after ruling out tax increase, officials revealRachel Reeves is considering imposing steeper cuts to public services to repair the government’s finances after a...

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Starmer to keep saying Truss crashed economy despite legal letter, No 10 suggests – UK politics live

PM’s spokesperson asks whether Truss ‘will write to millions of people who felt her economic record pushed their mortgage bills up’Darren Jones, the chief secretary to the Treasury, is responding to the UQ...

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Reeves’ fiscal rules non-negotiable in face of bond sell-off, deputy tells MPs

Treasury chief secretary responds to urgent question in Commons as market turmoil hits poundRachel Reeves will not not break her promise only to borrow money for investment, even as gilt yields rose to their highest levels since...

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Lammy dismisses Trump’s Greenland threats but sidesteps question over whether Musk comments are incitement to violence – UK politics live

Foreign secretary says Trump’s comments reflect concerns about Arctic security and says there is ‘fine line between free speech and hate speech’ when asked about MuskDarren Jones, the chief secretary to the...

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UK firms plan price rises as confidence falls to lowest level since Truss budget

BCC survey shows growing concern over planned employer tax rises with 55% of companies planning to hike pricesMore than half of British companies are planning price rises in the next three months, according to research that...

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Swinney to warn opposition of fuelling populism if Scottish budget not passed

Scottish Labour, Greens and Lib Dem MSPs accuse first minister of ‘creating false narrative’ John Swinney, Scotland’s first minister, will warn opposition parties that they will fuel populist forces if they...

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Living standards 2025 outlook ‘hardly cause for celebration’, says UK thinktank

Household incomes to stagnate or fall but will be offset by better public services, says Resolution FoundationHousehold incomes will stagnate or fall next year but the chancellor, Rachel Reeves, will be hoping people feel better...

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UK must be less dependent on China for critical minerals, says thinktank

Exclusive: Labour Together urges government to ‘de-risk’ supply chains by working with other countriesThe UK must become less dependent on China for critical minerals, an influential thinktank has concluded before a...

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