The Bank of England faces calls to cut inflation at its next Monetary Policy Committee meeting after inflation was found to be at its target rate for the second consecutive month.
Inflation coming down to the Bank of England’s target was not enough for the Monetary Policy Committee to begin cutting interest rates, which still sit at a 16-year high and have been blamed for...
The UK economy will grow more slowly than any other advanced economy next year, the OECD has warned in a downbeat assessment of the nation’s prospects.
Inflation has continued to fall according to the latest Office for National Statistics data, adding to the pressure on the Bank of England to cut rates at its next meeting.
An above-inflation increase in council spending power for 2024-25 shows “the government stands behind councils”, levelling up secretary Michael Gove has insisted despite warnings from the sector that...
Elevated inflation and “intensifying” demand for temporary accommodation will force authorities to cut services amid a forecast £550m overspend this year, the District Councils’ Network has warned.
Persistent high inflation and rising service demand have added another £1bn to council funding pressures in the next two years in just three months, the Local Government Association has warned.
A “completely broken” local government funding system has put 21 councils at risk of issuing Section 114 notices this year and next, the Special Interest Group of Municipal Authorities has warned.
Rising care demands and tightening budgets risk reducing the quality of Welsh care and ministers must have honest conversations over the future of healthcare, a service leader has said.
Interest rates are set to stay higher for longer, the Bank of England has said as it announced another hike in its base rate – this time from 5% to 5.25%.
Dwindling reserves and a forecast £17m gap in Medway Council’s budget this year have put the authority’s finances at risk and led to calls for more funding for the sector.
Rising service demand combined with high inflation and rising interest rates has made delivering a balanced budget “very difficult to achieve” without further government support, a councillor at...
Construction delays and overspends on existing developments mean the government will miss its election target to build 40 hospitals by 2030, the National Audit Office has warned.
Hundreds of thousands of public sector workers will get a pay rise now the government has accepted pay review body recommendations, but not funding that pay rise with extra money will mean services...
