Category: Government borrowing

Minister defends Mandelson file redactions and says documents to be released in June – UK politics live

Darren Jones says release will be ‘one of the largest government publications ever laid in this house’On Friday parliament’s intelligence and security committee issued a damning statement about the...

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‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again

As Keir Starmer’s leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrousA rise in borrowing costs and warnings to avoid a “Liz Truss...

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Brighter UK economy gives Reeves a springboard for March statement

Record public finances accompany stronger retail sales and business activity but some analysts express cautionThe economic backdrop to Rachel Reeves’s upcoming spring statement appeared to brighten on Friday after a trio...

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UK reports record-breaking budget surplus of £30.4bn in surprise boost for Rachel Reeves

Largest January total since records began in 1993 is sharp reversal from December’s £11.6bn deficitThe UK government has posted the biggest ever budget surplus, official figures show, after a large boost in...

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UK government borrowing falls to £11.6bn in December

Official figures better than expected after stronger receipts than a year earlierBusiness live – latest updatesThe UK government borrowed less than expected in December, official figures show, after stronger receipts than...

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‘Not clear’ who was behind FCDO hack, says minister, amid reports of China link – UK politics live

Chris Bryant confirms October cyber-attack as the Sun names Storm 1849, a Chinese hacker group, as being responsible Good morning.The UK’s Foreign, Commonwealth and Development Office was hacked in October, according to...

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UK borrowed more than expected in November amid pre-budget pressure

ONS figures show public sector net borrowing was £11.7bn – £1.9bn less than in same month last yearThe UK government borrowed more than expected in November, official figures show, amid pressure on the economy...

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Britain’s wealthy must shoulder burden of rebuilding ‘creaky’ public services, Rachel Reeves says

Exclusive: Chancellor says she made ‘fair and necessary choices’ in budget, and was unwilling to make cutsBritain’s wealthy must shoulder the burden of paying to rebuild the country’s “creaky”...

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No 10 dismisses claim that OBR revelations show Reeves misled public about need for tax rises in budget – UK politics live

Downing Street brushes off claims that the chancellor misled voters about the state of the public finances ahead of the budgetThe Office for Budget Responsibility has said that Rachel Reeves, the chancellor, was not at risk of...

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