Longer-term certainty over departmental funding will improve value for money and give government spending plans more credibility, the Institute for Government has said.
The government’s plan to temporarily cap energy bills for households and businesses will likely lead to higher borrowing and increased pressure on public finances, experts have said.
Tax cuts proposed by Conservative leadership candidate Liz Truss could cost more than £30bn and break the government's fiscal rules, economists at the Institute for Fiscal Studies have warned.
Chancellor Rishi Sunak unveiled a new set of fiscal rules in his second Budget, in a bid to reduce the public debt after the huge level of borrowing undertaken in response to Covid-19.
The joint Spending Review and Autumn Budget pledged real-terms funding increases for each central government department. PF rounds-up where that money is heading.
The government’s “arbitrary” fiscal rules are not fit for purpose and should be replaced by a more flexible framework, according to a leading research institute.
Chancellor Philip Hammond today set out three new fiscal rules as he confirmed the government had abandoned its plan to reach a spending surplus by 2020.
George Osborne’s plans to get the government finances into surplus in 2019/20 are set to reduce public sector pay to the lowest level relative to the private sector for at least 25 years, an...
