Category: Government borrowing

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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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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