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23 Mar 22
High inflation is set to push the cost of servicing government debt to twice the Office for Budget Responsibility’s forecast in October, the fiscal watchdog said in its outlook accompanying the...
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13 Aug 21
Chancellor Rishi Sunak has pledged there will be “absolutely no return to austerity” in the upcoming Spending Review, as the UK recovers from Covid-19.
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5 Jul 21
The UK’s debt repayments will be favourable, despite risks stemming from an elevated deficit and future Brexit-related shocks, according to ratings agency Moody’s.
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26 Jan 21
The UK’s economy has been weakened by significant challenges relating to Brexit, with exit from the single market set to impact medium-term growth, according to ratings agency Moody’s.
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22 Jan 21
Central government bodies’ day-to-day spending rose to £86bn last month, the highest monthly total since May, according to the Office for National Statistics.
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19 Jan 21
The UK’s credit rating could decrease if the Brexit free trade agreement with the European Union undermines economic performance, according to ratings agency Fitch.
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25 Nov 20
The government is set to borrow a peacetime record £394bn this year, as it funds Covid-19 support measures, according to the Office for Budget Responsibility.
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13 Nov 20
The UK’s second Covid-19 lockdown is set to knock a further half per cent off GDP this year, according to ratings agency Moody’s.
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24 Jul 20
The financial system that emerged from separation of debit and credit in the 14th century seems to be nearing the end of its useful life, says David Kauders.
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14 Jul 20
The government may need to rethink its fiscal policy strategy to account for economic shocks happening more frequently than previously assumed, according to the Office for Budget Responsibility.
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30 Apr 20
A “radical economic package” should be put in place to help kick-start the economy post-coronavirus, according to a report from the Institute for Government.
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16 Mar 20
Public sector net debt is forecast to rise by £125bn or 4.6% of GDP, as government embarks on the largest spending increase since 1992, according to the Office for Budget Responsibility.