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.
An Office for Budget Responsibility forecast will be published this month as the chancellor listens to calls not to delay its publication until he announces his medium-term fiscal plan in late...
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The Treasury has said the forecast it will receive from the Office for Budget Responsibility in October will not be published until late November, resisting calls to release it earlier in an attempt...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-...
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 chancellor’s statement was a bold change of direction but it creates challenges for Whitehall and local government, says principal consultant at Metro Dynamics and former senior policy adviser at...
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.
Tax cuts in Friday’s ‘fiscal event’ are set to raise UK government borrowing by more than £30bn – more than half of the total increase in borrowing since the Office for Budget Responsibility last...
