Category: Government borrowing

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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UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likelyBusiness live – latest updatesUK government borrowing costs have risen to their highest level...

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Treasury warns of difficult decisions in budget after September borrowing rise

ONS data shows higher debt interest payments and pay awards for public sector workers pushed figure to £16.6bnBusiness live – latest news updatesThe Treasury has said it will need to take difficult decisions in next...

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Shares in UK gambling firms fall £2bn amid talk of higher taxes in budget

Thinktank reports saying sector should be hit with extra £900m to £3bn in levies prompt market selloffBusiness live – latest updatesShares in British gambling companies have dropped sharply, reducing the stock...

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Labour warned £22bn shortfall will last years without higher taxes or cuts

Resolution Foundation says overspend chancellor claims she inherited will persist unless tough choices are madeReeves spends first 100 days in power trying to ride two horsesLabour weighs £3bn tax rise on gambling...

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Labour needs £25bn a year in tax rises to rebuild public services, warns IFS

Thinktank says tax increases in budget will be necessary even if Rachel Reeves changes fiscal rulesWill Rachel Reeves’s rules on debt and spending survive the budget?Keir Starmer’s promise to end austerity and...

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