Category: Government borrowing

NHS spending rise lags behind Tory funding pledges, IFS finds

Thinktank says extra funding eaten up by higher inflation despite greater demand with service in poor state of repairSpending on the NHS in England has risen less quickly than the Conservatives promised at the last election...

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Tax rises will follow UK election unless fiscal rules are ripped up, says thinktank

Niesr says current limits on government borrowing fail to stimulate growth and hinder net zero ambitionsThe next government will be forced to hit voters with post-election tax rises and delay net zero investment unless it is...

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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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Abbott criticises speaker over PMQs and asks Starmer to restore the whip – as it happened

Hackney MP was not given chance to ask a question despite comments about her from Tory donor. This live blog is closedSpeaker fails to let Diane Abbott speak in PMQs debate on Tory donor’s remarksNusrat Ghani, a business...

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Abbott criticises speaker over PMQs and asks Starmer to restore the whip – UK politics live

Hackney MP was not given chance to ask a question despite comments about her from Tory donorNusrat Ghani, a business minister, has posted a message on X this morning saying zero tolerance of racism should be more than 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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Head of OBR says lack of budget details led to ‘work of fiction’ forecasts last year

Richard Hughes criticises lack of information from government about public spending plansForecasts on the outlook for the public finances last year were beyond “a work of fiction”, the head of the Treasury’s...

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