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UK public finances

  • Monday, 8 July, 2024
    Reeves warns UK public finances in worst state since second world war

    UK’s new Labour chancellor has instructed Treasury to examine state spending under the Conservatives

    Rachel Reeves giving a speech
  • Friday, 5 July, 2024
    Reeves faces daunting fiscal choices at helm of ‘pro-growth’ Treasury

    New UK chancellor will try to boost output and avoid imposing drastic cuts on frayed public services

    Rachel Reeves arrives at 10 Downing Street
  • Monday, 24 June, 2024
    Labour’s budget hopes rest on overly optimistic forecasts, say economists

    Claims that higher growth will boost revenues and bolster public finances are called into question

    A bus passes construction work as it crosses Tower Bridge in London
  • Friday, 14 June, 2024
    UK general election 2024
    Keir Starmer says he is prepared to make enemies to improve economy

    Limited election pledges a ‘downpayment’ for future investment, says Labour leader

    Keir Starmer
  • Tuesday, 4 June, 2024
    UK general election 2024
    Tories plan big cuts to inheritance tax, predicts George Osborne

    Former chancellor says it could be ‘one big throw of the tax dice’ before the UK general election

    Jeremy Hunt walks outside Downing Street
  • Tuesday, 28 May, 2024
    UK general election 2024
    Reeves rules out surprise UK tax rises

    Shadow chancellor also indicates speedy post-election Budget not on the agenda

    Rachel Reeves
  • Tuesday, 21 May, 2024
    IMF warns Hunt against UK tax cuts as it flags £30bn funding gap

    Fund says real departmental spending growth may rise at double the pace seen in official projections

    Chancellor Jeremy Hunt
  • Tuesday, 23 April, 2024
    UK borrows more than expected in blow to tax cut hopes

    Data for March and full fiscal year will be disappointment for Jeremy Hunt

    Cyclists pass the front of the building
  • Thursday, 21 March, 2024
    UK borrows more than expected in February

    £8.4bn in net borrowing highlights fragility of public finances ahead of general election

    Montage of the HM Treasury building and UK sterling notes
  • Wednesday, 20 March, 2024
    Robert Shrimsley
    Big-government Tories have left Labour an open goal

    State intervention in everything from childcare to small-town soccer clubs will help the opposition argue for even more

    Ellie Foreman-Peck illustration of a football under the foot of a person wearing black dress shoes, and red socks with the House of Commons logo
  • Friday, 15 March, 2024
    Helen Miller
    The non-dom tax debate has gone on for too long

    Jeremy Hunt’s new regime is a clear improvement — but the saga distracts from bigger public finance challenges

    Commuters in raincoats and carrying umbrellas are reflected in rain on London Bridge with a view of the Shard in the background
  • Monday, 11 March, 2024
    The FT ViewThe editorial board
    Time to fix Britain’s fiscal fiction

    The UK’s spending rules and procedures are not working

    A man in a suit holds up a red brief case as he stands beside several other people
  • Saturday, 9 March, 2024
    Andy Haldane
    Britain’s hunt for growth goes on

    The chancellor’s fiscal straitjacket meant there were few measures in the Budget likely to help an investment-starved economy

    Jeremy Hunt holds the red ministerial box as he leaves 11 Downing Street ahead of the Budget
  • Wednesday, 6 March, 2024
    UK Budget 2024
    UK growth prospects barely changed by chancellor’s tax cuts

    Fiscal watchdog’s forecasts at odds with Hunt’s assertion that his plans would secure ‘not just higher GDP but higher GDP per head’

    Montage of people walking to work in front of a growth graphic
  • Wednesday, 6 March, 2024
    News in-depthUK Budget 2024
    Chancellor’s modest Budget giveaways set up fiscal pain for after election

    Treasury headroom has shrunk to £8.9bn, leaving UK’s ‘cupboard looking bare’

    Big Ben and government crest
  • Monday, 4 March, 2024
    News in-depthUK Budget 2024
    Chancellor struggles to find headroom for big giveaways

    The chancellor’s fiscal room for manoeuvre has been limited by deteriorating economic forecasts by UK watchdog

  • Sunday, 3 March, 2024
    UK Budget 2024
    Hunt warns of ‘long path’ ahead to cut UK tax burden

    Chancellor eyes reduction in national insurance or income tax in Wednesday’s Budget as he struggles with tight fiscal situation

    Jeremy Hunt
  • Tuesday, 27 February, 2024
    UK Budget 2024
    Hunt struggles to find Budget goodies as he faces fiscal ‘headlock’

    Deteriorating forecasts pose challenge for UK chancellor as Tory MPs seek tax cuts to improve election prospects

    Montage of Jeremy Hunt and Treasury logo
  • Wednesday, 21 February, 2024
    UK monthly budget surplus hits highest level on record

    Figure for January helps bring fiscal year-to-date borrowing numbers below previous forecasts as Budget looms

    Cyclists on public hire bikes pass the headquarters of HM Treasury in London, UK
  • Wednesday, 21 February, 2024
    UK tax
    Budget giveaways will still leave UK households facing hefty tax rises, think-tank warns

    Resolution Foundation says Jeremy Hunt’s potential cuts will sit between earlier increases and further rises after general election

    UK chancellor Jeremy Hunt
  • Wednesday, 14 February, 2024
    Hunt explores fresh squeeze on public spending to fund tax cuts

    Chancellor examines new curbs on Whitehall budgets as his fiscal headroom is hit by higher borrowing costs

    Jeremy Hunt
  • Tuesday, 13 February, 2024
    Chris Giles
    Beware fiscal fairy tales

    Budgetary policy is so difficult that most countries in the west are unlikely to live happily ever after

    James Ferguson illustration of a robot eating and cutting taxes with a chainsaw
  • Thursday, 25 January, 2024
    Hunt’s UK tax cut hopes dented by new Treasury analysis

    Headroom of £14bn considerably lower than that forecast by independent analysts

    Jeremy Hunt
  • Wednesday, 24 January, 2024
    UK government spending
    Next UK government faces historic challenge to curb debt, report finds

    Keir Starmer accuses Tories of ‘trying to salt the ground’ as think-tank warns of tough choices for future chancellor

    Keir Starmer delivers a speech in London on Monday
  • Tuesday, 23 January, 2024
    UK Budget 2024
    Hunt has ‘tiny’ margin for error against fiscal rules, says watchdog

    OBR says £13bn of budgetary headroom is exposed to changing economic assumptions as chancellor plots tax cuts

    Richard Hughes
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