Category: Government borrowing

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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Union calls for robust review of OBR over fears it holds back economic growth

TUC will urge John Healey to order ‘root and branch’ assessment of watchdog amid claims its forecasts downplay investment benefitsThe TUC is urging the new chancellor, John Healey, to order a “root and branch” review of the...

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UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran...

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Burnham could become PM on 17 July based on Labour leadership contest timetable – UK politics live

The former Manchester mayor could be installed as prime minister in weeks if no other MP puts themselves forwardIn her Q&A this morning Rachel Reeves, the chancellor, confirmed that she wants the government to approve the...

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Burnham could become PM on 17 July based on on Labour leadership contest timetable – UK politics live

The former Manchester mayor could be installed as prime minister in weeks if no other MP puts themselves forwardIn her Q&A this morning Rachel Reeves, the chancellor, confirmed that she wants the government to approve the...

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Starmer says he wants disruption ‘absolutely minimised’ during transition to Burnham government – UK politics live

PM says: ‘I love this country, I want this country to thrive, and I shall do everything I can to make sure it’s a success and thrives’In her Q&A this morning Rachel Reeves, the chancellor, confirmed that she wants the...

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Starmer says he wants to ensure disruption during transition to Burnham government ‘absolutely minimised’ – UK politics live

PM says: ‘I love this country, I want this country to thrive, and I shall do everything I can to make sure it’s a success and thrives’In her Q&A this morning Rachel Reeves, the chancellor, confirmed that she wants the...

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Phillipson accuses Badenoch of having her own ‘unique brand of unpleasant politics’ after PMQs insult – UK politics live

Kemi Badenoch described Bridget Phillipson yesterday as ‘a spiteful class warrior’In her Q&A this morning Rachel Reeves, the chancellor, confirmed that she wants the government to approve the licences for the Rosebank and...

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Badenoch will ‘absolutely not’ apologise for PMQs comments about Starmer’s downfall, spokesperson says – as it happened

Tory leader said Labour MPs were cheering, even though there are ‘400 knives’ in Starmer’s backBen Quinn is a Guardian political correspondent.Nigel Farage has made an explicit pitch for support from an international gathering...

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Badenoch will ‘absolutely not’ apologise for PMQs comments about Starmer’s downfall, spokesperson says – UK politics live

Tory leader said Labour MPs were cheering, even though there are ‘400 knives’ in Starmer’s backBen Quinn is a Guardian political correspondent.Nigel Farage has made an explicit pitch for support from an international gathering...

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