The Scottish Government deficit fell at a faster rate than the rest of the UK last year, fuelled by a rise in oil revenues, according to the latest Government Expenditure and Revenue Scotland report.
Low funding and dwindling reserves mean a local authority in Derbyshire risks considering an unbalanced budget by 2021-22, councillors have been warned.
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.
Brexit is likely to cost the UK economy 2.4 percentage points in growth over the next five years, according to Office for Budget Responsibility forecasts highlighted by chancellor Philip Hammond in...
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.
Chancellor George Osborne this morning insisted robust contingency plans to maintain economic and fiscal stability were in place following Thursday’s vote to leave the European Union.
Public sector borrowing has increased in the first two months of 2016-17, despite large reductions in grants from Whitehall to local authorities, according to figures from the Office for National...
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 International Monetary Fund has backed Chancellor George Osborne’s economic strategy this morning, but warned that the level of government borrowing remains one of the main risks to the UK’s...
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.
The Treasury has announced a plan to cap redundancy payments across the public sector at £95,000 to end what Chief Secretary to the Treasury Greg Hands said were ‘golden goodbyes’ paid for by the...
George Osborne will today set out plans to legally bind the government and future administrations into running a surplus when the economy is growing as part of a “new settlement” for the public...
Whitehall departments have made nearly £2.5bn of staff savings since 2010, the National Audit Office has found, but the watchdog warned the cuts create a risk of talent and skill shortage in the...
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.
The next government should set a fiscal rule to ensure that total public spending does not exceed tax revenue once the existing deficit is closed, the CBI has said.
