Revised Office for Budget Responsibility forecasts show that Britain’s deficit is likely to be £20bn higher in each year to 2023-24 than was projected in March 2019.
Scottish ministers have asked the Treasury to review the Scottish Government’s borrowing limits “as a matter of urgency” in the light of growing concerns over the volatility of tax receipts north of...
The Scottish Government’s borrowing powers are likely to come under increasing pressure due to the volatility inherent in the fiscal framework, MSPs have heard.
Confidence in UK public finances has taken a hit as the latest data revealed a smaller than expected budget surplus last month following a sharp rise in borrowing.
A think-tank has warned most forms of Brexit will damage the UK economy - while the Office for National Statistics has predicted borrowing will increase this financial year.
Public sector net borrowing in the UK in April was £5.8bn – £0.03bn less than in April 2018. This represents the lowest April borrowing figure since 2007, official statistics have revealed.
The chancellor has announced that assuming a Brexit deal is agreed and “uncertainty lifted”, he will launch a “full three-year spending review” before the summer break.
Cash-strapped councils increasingly borrowing to invest in commercial properties risk local services - which are often for vulnerable people - being at the mercy of the property market, says CIPFA...
Local authority borrowing from the Public Works Loan Board has reached a seven-year high as cash-strapped councils increasingly invest in capital projects.
Government borrowing in December 2017 dropped by half compared with the same period in 2016 because of higher tax receipts and a rebate from the EU, according to the Office for National Statistics.
Government borrowing increased by £500m to £8bn in October compared with this time last year, while the national debt increased by £147.8bn, according to official figures.
The chancellor can expect borrowing figures to be lower than expected when the Office for Budget Responsibility makes its forecast ahead of the spring Budget, the EY Item Club has said.
The Prudential Code, which guides local authorities’ capital borrowing, is no longer fit for purpose in Scotland’s changed economic and fiscal climate and should be replaced by a shared system of...
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...
Combined authorities led by mayors are to be given borrowing powers and councils will have access to new low-cost loans under proposals set out today in the Autumn Statement to boost local growth.
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.
English universities are set to increase borrowing levels in order to mitigate government funding reductions and to upgrade facilities, an analysis of the financial health of the sector by credit...
