Sir Stephen Houghton, chair of Sigoma, has called for a new independent body to set council funding every three years, after warning that authorities could ‘wither away’ under the current finance...
Chancellor George Osborne has missed his target to cut public sector borrowing year on year, according to the latest figures from the Office for National Statistics.
Chancellor George Osborne has confirmed that he has taken the first step towards selling the government’s stake in the bailed-out Lloyds Banking Group. He said the Treasury was now ‘actively...
An initiative to cut costs on major infrastructure projects has identified potential savings of more than £1bn in the government’s High Speed 2 scheme, the Treasury announced today.
The number of children living in relative poverty has fallen by around a quarter since the financial crisis in 2007/08, the Institute for Fiscal Studies has found.
Public sector employment in the UK continues to decline, falling by 22,000 to 5.7 million over the first three months of the year, official figures show.
‘Innovative’ finance schemes allowed the Welsh Government to spend around £1.3bn more on infrastructure projects in the past year than it originally planned, Finance Minister Jane Hutt has announced.
Thirteen existing enterprise zones have been shortlisted to share a £100m fund for investment in their local economies and infrastructure, Communities Secretary Eric Pickles announced today.
Local government could face cuts of up to 12% in the forthcoming Spending Review if the government decides to lessen the pain doled out to the Home Office and Ministry of Defence, the Institute for...
Inward investment in Scotland last year was the second largest in the UK and the highest in 15 years, challenging claims that the independence debate would scare off foreign investors, according to...
Finance Minister Jane Hutt is marshalling Wales’ response to austerity. She talks to Public Finance about the Labour-led nation’s battle for new fiscal powers, and why she’s not...
UK spending cuts planned for the next two years are ‘appropriate’, the Organisation for Economic Co-operation and Development said today. The international body also called for infrastructure...
The Office for National Statistics has revised down its estimate for UK public sector net borrowing in 2012/13 by more than £1bn, due to higher than expected tax income.
Plans to create a government-backed business bank are part of moves to ‘shift’ lending to firms away from conventional financiers, Business Secretary Vince Cable said today.
The National Audit Office has today slammed the Department for Transport’s ‘unclear’ business case for the High Speed 2 rail line, warning that the scheme faces a £3.3bn funding gap.
The UK economy would be boosted by as much as £100bn a year if the country’s transport and energy infrastructure matched standards in Europe, the Centre for Economics and Business Research said today.
The UK economy is set to avoid any further contraction throughout the rest of this year as the recovery moves from flat output to consistent growth, the CBI said today.
The Treasury’s plan to cut public sector pension costs by raising staff contributions has been stymied by workforce cuts and a related surge in early retirements
The Commons transport select committee has supported the expansion of Heathrow airport, saying proposals for a new airport in the Thames estuary would require ‘huge’ taxpayer investment.