Category: Government borrowing

Labour figures uneasy about Healey’s ‘underpowered’ approach to budget

Chancellor faces challenge of volatile global headwinds and soaring energy costs at home as some insiders worry lack of clarity could trigger fresh market shockSenior Labour figures are privately voicing unease about John...

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Healey vows to stick to fiscal rules in budget built on hope

Chancellor tells Labour conference it’s ‘not progressive’ to fail to balance books amid rising welfare bill as borrowing costs climb to record highBusiness live – latest updatesPrice of diesel on UK forecourts reaches all-time...

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Critics of UK government’s economic forecaster are ‘shooting the messenger’, say MPs

Treasury committee rejects calls for fundamental reform of independent watchdog the Office for Budget ResponsibilityAttacks on the government’s independent economic forecaster from left and right of the political spectrum are...

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Labour condemns Reform’s plan for £100bn in cuts as ‘half-baked’ and ‘incredibly reckless’ – as it happened

This blog is now closedThe Electoral Commission has released political donation figures for the second quarter of 2026. They show that Reform UK continues to rake in far more than other parties. Nigel Farage’’s party had...

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Labour condemns Reform’s plan for £100bn in cuts as ‘half-baked’ and ‘incredibly reckless’ – UK politics live

Labour chair says uch cuts ‘could mean vital public services like hospitals, schools and law enforcement are put at risk’The Electoral Commission has released political donation figures for the second quarter of 2026. They show...

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Andy Burnham pressed on borrowing costs and spending at first PMQs – UK politics live

Burnham faced questions from Kemi Badenoch and other MPs amid speculation over budgetIn the news release to mark the first anniversary of his election as the Green party’s leader, Zack Polanski highlighted what he described as...

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Andy Burnham blames Tory legacy for leaving UK economy vulnerable

In first PMQs clash with Kemi Badenoch, prime minister rejects comparison to Liz Truss’s governmentUK politics live – latest updatesAndy Burnham blamed the Conservatives’ legacy for leaving the UK vulnerable to market turmoil,...

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Andy Burnham faces Kemi Badenoch at first PMQs – UK politics live

Burnham faces MPs’ questions amid rise in government borrowing costs and speculation over budgetIn the news release to mark the first anniversary of his election as the Green party’s leader, Zack Polanski highlighted what he...

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UK reports unexpected deficit of £1.8bn as John Healey prepares for first budget

July data shows total public debt was £2.98tn, or 94% of GDP – up £96bn on a year earlierBusiness live – latest updatesThe UK government ran a larger than expected £1.8bn deficit in July, underlining the challenges facing the...

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