The government’s “arbitrary” fiscal rules are not fit for purpose and should be replaced by a more flexible framework, according to a leading research institute.
Departmental spending reductions implied by the Budget are more severe than first thought, and could see funding 8% lower than pre-Covid plans in some areas, according to the Institute for Fiscal...
The government’s newly published methodology to allocate money from its Levelling Up Fund favours wealthier rural councils over poorer urban areas, according to critics.
Some deprived areas risk missing out on ‘levelling up’ money because of eligibility criteria, raising questions over the methodology, which put ministers’ seats in priority positions for funding.
Rishi Sunak's plans rely on an optimistic vision of the future and implausible spending targets, say Institute for Fiscal Studies research economists Ben Zaranko and Isabel Stockton.
Despite some significant gaps, the 2021 Budget provides a good balance between growth and resilience – and crucially allows leeway for further fiscal intervention later this year, says Jeffrey Matsu.
Rishi Sunak has once again announced billions of pounds of spending as the government attempts to tackle the economic crisis caused by Covid-19, but has drawn criticism for failing to adequately...
Chancellor Rishi Sunak has announced planned tax measures – phased in over the next four years – which will see the UK’s tax burden rise to the highest level since the late 1960s.
Covid-19 has reversed the normal fiscal cycle between elections, bringing a spending splurge at the beginning of this Parliament – Dan Corry wonders whether announcements on future tax rises in the...
A new Treasury campus in Darlington, the location of eight ‘freeports’ and details of how local authorities can bid for a £4.8bn infrastructure fund are among a series of Budget measures aimed at ‘...
The 2021 Budget will see the launch of the UK’s first green bond, more post-Covid-19 support and a new anti-fraud agency– PF rounds up what announcements the chancellor has in store.
A rise in corporation tax and extensions to the Universal Credit uplift and furlough scheme are among potential government Budget moves being reported in the national press. PF rounds up the rumours.
Chancellor Rishi Sunak will stand by the 2019 Conservative manifesto pledge and not raise income tax, VAT or national insurance in the upcoming budget, according to reports.
The Welsh Government has proposed a one percentage point increase in its residential land transaction tax, the successor to stamp duty land tax, to help “support housing priorities”.
Speculation is growing that the government will opt for another one-year spending round following the announcement that November’s Budget will be delayed until next year.
With half of the UK registering productivity levels about the same as the poorer parts of the former East Germany, the prime minister’s pledge to “level up every part of the country” is...
Rishi Sunak has expanded the 100% business rates holiday to all leisure, retail and hospitality businesses, as he updated the Treasury's coronavirus package.