The UK will be forced to raise taxes if its public spending levels continue to match those of other developed nations, according to the latest international analysis.
The “large and unfunded fiscal package” announced by Kwasi Kwarteng last month has been cited as one of the main reasons ratings agency Fitch cut its outlook for the UK’s credit rating to “negative...
The UK government deficit could rise to as high as £260bn – about 12% of GDP – this financial year, as a result of the measures taken amid the coronavirus pandemic, economists at PwC have predicted.
Wales’s multi-billion-pound public finance deficit is reducing, but only because of spending cuts – not increasing revenues – according to experts at Cardiff University.
Public sector net borrowing fell by more than thought in April - by £23.4bn to £48.7bn in the financial year ending March 2017, according to Office for National Statistics figures.
Public sector borrowing in the first eight months of the financial year is £7.7bn lower than in the same period of 2015-16, according to the latest figures published by the Office for National...
Public sector borrowing for August decreased by £0.9bn to £10.5bn compared with the same month last year, according to the Office for National Statistics.
The UK public sector received more in taxes and other income than it spent to record a surplus of £1bn in July, according to official figures released today.
Public sector borrowing is set to increase by around £47bn over the next four years as the economy slows following the Brexit vote, economic researchers have forecast.
Chancellor George Osborne missed the public sector borrowing goal in 2015-16 by around £1.8bn, with the deficit totalling £74.0bn according to provisional figures published by the Office for National...
The European Commission is not strict enough in enforcing rules intended to keep the bloc’s public finances in order, the European Court of Auditors has found.
Many of the most deprived areas in the country face local authority budget reductions of more than three times the national average, according to an analysis of council cuts.
Iain Duncan Smith has criticised the government’s deficit reduction strategy following his resignation as work and pensions secretary, accusing chancellor George Osborne of pursuing “...
George Osborne will today warn the UK economy faces a “dangerous cocktail” of global threats that make it essential to complete the government’s plan to cut spending and get the public finances into...
Chancellor George Osborne has been warned that the government could miss its deficit target for 2015/16 by as much as £7bn after public sector borrowing for November increased by £1.3bn compared to...
Borrowing in the first six months of 2015/16 was £7.5bn lower than the previous year, latest figures from the Office for National Statistics have revealed.
Higher than expected borrowing by local authorities has led to an upward revision of the public sector deficit in the first four months of the year, figures released by the Office for National...
The International Monetary Fund has forecast that the UK will continue to run a deficit until 2020, despite official Treasury projections showing a surplus in the public finances by 2018/19.
The CBI has called on all political parties to ensure that any coalition negotiations that take place after May’s general election do not lead to a diminished focus on deficit reduction.
