The government has abandoned most of the measures in sacked chancellor Kwasi Kwarteng’s ‘mini budget’ from September, with his replacement Jeremy Hunt calling stability the UK’s “most important...
Kwasi Kwarteng has become the second shortest-serving chancellor since the Victorian era, after resigning following weeks of disruption triggered by his package of unfunded tax cuts, with Jeremy Hunt...
A senior Conservative MP has suggested the government should row back on more of the tax cuts outlined in last month’s Growth Plan to “reassure the markets” after weeks of turbulence.
The “large and unfunded fiscal package” announced by Kwasi Kwarteng last month has been cited as one of the main reasons ratings agency Fitch cut its outlook for the UK’s credit rating to “negative...
Kwasi Kwarteng’s hastily rewritten speech at the Conservative Party conference was packed with mentions of growth and the need to bring down the UK tax burden, but commentators have expressed concern...
The Treasury has said the forecast it will receive from the Office for Budget Responsibility in October will not be published until late November, resisting calls to release it earlier in an attempt...
The government is likely to make tens of billions of pounds of spending cuts in the next few years to meet its fiscal targets, following its market-spooking package of tax cuts, a panel at a think-...
An attempt to calm the market reaction to the government’s tax cut announcements illustrates the “bind” facing the Bank of England, an analyst has said, as the central bank commits to buying UK...
The government’s ‘Growth Plan’ risks weakening public finances, worsening inequality and leading to the Bank of England aggressively raising interest rates, major international institutions have...
The Bank of England has insisted it will put interest rates up “by as much as needed” to get inflation under control, in response to market reaction to the government’s announcements last week.
Repealing reforms to off-payroll working rules could lead to a return of “widespread non-compliance and significant loss of tax revenues”, compliance experts have said.
