The public sector could be set for an exodus of workers if the government fails to compensate departments for higher-than-expected pay offers, according to economists at the Institute for Fiscal...
The battle between Scotland’s police officers and their employers has ended with a 5% deal – bringing them into line with other public sector pay deals.
The government’s choice to not go ahead with a Spending Review this year means departments will need to make difficult decisions on services as inflation erodes their budgets, experts have warned.
The Bank of England has insisted it will put interest rates up “by as much as needed” to get inflation under control, in response to market reaction to the government’s announcements last week.
The Treasury has confirmed that the government will stick to the current funding settlement for departments, despite concerns over the impact of inflation on budgets.
UK interest rates will rise for the seventh time in quick succession as the Bank of England tries to bring inflation down, although the bank’s Monetary Policy Committee said recent government...
The inflation crisis shows just how important ‘levelling up’ the UK should be to the government, former CIPFA president Mike Driver told the PF Live Scotland conference.
The pace of inflation slowed in August for the first time in nearly a year, figures from the Office for National Statistics show, but prices still rose by nearly 10% in 12 months.
The government’s energy cap is likely to lower inflation in the short term, but one expert warned that it might not yield longer-term savings on servicing the government’s large stock of interest-...
New prime minister Liz Truss has been urged by council leaders to stand by her pledge to allocate more funding to social care as inflation bears down on their authorities’ budgets.
The government needs to come up with support that could offset the impact of rising inflation on high street retailers and their customers, according to a big four accounting firm and the Joseph...
Rising materials prices and numerous supply chain challenges mean public sector bodies may have to pick up the slack – or risk delays to infrastructure projects.
The government is “playing catch up with inflation” and will need to rapidly step up its support package for households just to keep pace, although many people will still be much worse off, the...
The government will need to give departments an additional £44bn in the coming years as inflation eats into budgets, an economist at the Institute for Fiscal Studies has said.
A programme of a similar scale to the unprecedented Covid-19 employment scheme might be necessary to keep rising energy bills from pushing millions of people into financial desperation, according to...
The Bank of England has pushed interest rates up by their biggest jump in 27 years, predicting further rampant inflation and a coming economic recession, and analysts think there are...