Category: Government borrowing

Spring statement 2025: key points at a glance

Rachel Reeves has delivered her economic update – here are the main points, with political analysisReeves announces deep cuts to welfare and public servicesAnalysis: Reeves does reasonable job of justifying fiscal prudence...

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Everything is great, nothing to see here, Rachel Reeves tells MPs | John Crace

Chancellor delivers a spring statement strong on wishful thinking and light on compassion for those hit by cutsUK politics live – latest updatesWhatever you do, just don’t call it an emergency budget. It’s a...

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OBR warns of Trump tariff uncertainty as it downgrades UK growth

Treasury watchdog says Rachel Reeves will also face higher borrowing costs in report issued alongside spring statementReeves blames cuts on ‘global uncertainty’Key points at a glancePolitics live –...

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Five economic factors that will govern Rachel Reeves’s spring statement

The chancellor will address MPs on Wednesday, warning of tough spending cuts amid rising government borrowing costsWhat to expect from Rachel Reeves’s (brief) spring statementRachel Reeves will give her spring statement on...

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Former Bank of England deputy warns Rachel Reeves against kneejerk cuts

Charlie Bean says OBR forecasts are ‘flaky’ and cautions against trying to hit targets five years awayThe former Bank of England deputy governor Charlie Bean has warned the chancellor against making kneejerk cuts in...

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Why is Keir Starmer’s government seeking to cut the benefits bill?

Labour targeting sickness and disability benefits that have ballooned amid increasingly ageing and unwell populationKeir Starmer’s government is aiming to cut billions of pounds from welfare spending before the spring...

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Why Keir Starmer’s government is seeking to cut benefits bill

Labour targeting sickness and disability benefits which have ballooned amid an increasingly ageing and unwell population Keir Starmer’s government is aiming to cut billions of pounds from welfare spending before the spring...

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UK economy on course for 1.5% expansion, NIESR predicts

Thinktank cautions Trump tariffs could blow hole in forecast, with 63% of UK firms exporting to US expecting to be hitThe British economy is on course to expand by 1.5% this year after the budget gave a boost to public spending...

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Bank of England poised to cut interest rates amid UK economic gloom

Growth forecasts likely to be downgraded, with rate-setting committee tipped to cut lending rate from 4.75% to 4.5%Bank of England policymakers are poised to cut interest rates and downgrade forecasts for economic growth,...

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Rachel Reeves backs Heathrow third runway in bid to drive UK growth

In economic growth speech, chancellor says move would make UK ‘world’s best-connected place to do business’Reeves urged to rethink plans for airports and roadsHeathrow third runway: promises, protest and...

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