No region will have Treasury guidance “wielded against them”, the chancellor has promised as she unveiled a major shake-up of the rules governing the allocation of public investment.
The chancellor repeatedly emphasised her “responsible” approach to public finances as she delivered the Spring Statement to parliament, during which she confirmed cuts to benefits but shied away from...
Three public bodies held more than £3.4bn worth of contracts with Fujitsu following a 2019 High Court ruling, with more than a third approved after a judge found that the Post Office Horizon system...
A minister has not disputed that the Treasury does not have confidence in her department’s ability to spend public money well, according to a senior MP.
A senior Labour MP has asked whether the block on new capital spending from the Department for Levelling Up, Housing and Communities will impede housing projects.
Public sector workers need pay rises similar to their private sector counterparts if services are to maintain motivated, experienced staff, the Treasury has said – but without promising new money for...
Is the Treasury taking the right approach? Is the government ignoring good sources of revenue? How ready is the public sector for more cuts? We’re collecting our readers’ views.
Chancellor Jeremy Hunt is set to make up to £60bn of spending cuts and tax increases to help shrink the government’s medium-term budget gap, despite the cost-of-living crisis, according to reports.
Chancellor Jeremy Hunt has announced that the government’s fiscal statement will be delayed by more than two weeks, following the appointment of Rishi Sunak as prime minister.
The government has abandoned most of the measures in sacked chancellor Kwasi Kwarteng’s ‘mini budget’ from September, with his replacement Jeremy Hunt calling stability the UK’s “most important...
Kwasi Kwarteng has become the second shortest-serving chancellor since the Victorian era, after resigning following weeks of disruption triggered by his package of unfunded tax cuts, with Jeremy Hunt...
An Office for Budget Responsibility forecast will be published this month as the chancellor listens to calls not to delay its publication until he announces his medium-term fiscal plan in late...
The government’s package of tax cuts aimed at boosting economic activity are unlikely to stimulate enough growth to pay for themselves, and could lead to future tax rises or spending cuts, economists...
The chancellor’s statement was a bold change of direction but it creates challenges for Whitehall and local government, says principal consultant at Metro Dynamics and former senior policy adviser at...
New chancellor Kwasi Kwarteng announced a raft of tax cuts including a reduction in national insurance payments, in a move he said will shift the economy from a “vicious cycle of stagnation into a...
The chancellor’s reset at the Treasury will need more than a new permanent secretary to succeed, according to former senior policy adviser at the Treasury and current principal consultant at Metro...
The Treasury has confirmed the fiscal event taking place on Friday will not come alongside a full forecast from the Office for Budget Responsibility, despite concerns from MPs and experts.
New chancellor Kwasi Kwarteng’s first ‘fiscal event’ to provide more details on the energy support package will take place on 23 September, PF understands.
The government’s choice to sack the top civil servant in the Treasury will “taint” the successor and cause unnecessary upheaval during the cost-of-living crisis, experts have said.
