The pace of government spending cuts is set to quicken under Philip Hammond’s plans to move the public finances into surplus, according to an analysis by the Institute for Fiscal Studies.
With rifts in cabinet and country over Brexit, and rumours about the chancellor being sidelined, questions are being asked over the size of the Treasury’s influence
In his first fiscal set piece, the new chancellor needed to paint a picture of a financially confident Britain but this was not an encouraging Autumn Statement
Chancellor Philip Hammond will not be able to resist calls for extra funding for health and social care for much longer, the head of the Institute for Fiscal Studies has predicted.
Philip Hammond has pledged a real terms doubling of the government’s annual spending on housing through a £2.3bn fund unveiled in the Autumn Statement today.
Council and NHS leaders have lamented today’s Autumn Statement as a ‘missed opportunity’ to allay the burgeoning health and social care funding crisis.
Combined authorities led by mayors are to be given borrowing powers and councils will have access to new low-cost loans under proposals set out today in the Autumn Statement to boost local growth.
Chancellor Philip Hammond delivered his first and last Autumn Statement in parliament today, announcing that the annual fiscal event will be abolished with immediate effect.
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.
The government has now recovered over £17bn of the £20.3bn of taxpayer money injected into Lloyds bank during the financial crisis, it has been announced.
The UK is heading for a £14.9bn deficit by 2019-20 instead of the £10.4bn surplus projected at the last Budget, according to an analysis of the public finances by the Institute for Fiscal Studies.
Chancellor Philip Hammond has launched a further sale of mortgage assets from the former Bradford & Bingley bank, which was nationalised in 2008 at the peak of the financial crisis.
Chancellor Philip Hammond faces a sharp deterioration in the public finances in his Autumn Statement, but could still increase investment if he delivers his promised fiscal ‘reset’, the...
Government plans to offer shares in Lloyds Banking Group to the public have been scrapped after chancellor Philip Hammond said that ongoing market volatility means it is “not the right time for a...
The government is to create a £3bn housebuilding fund and directly commission homes on public sector land as part of plans to build more than 25,000 new homes before 2020, ministers have said.
The government is to guarantee European structural and investment funding for projects signed off before the Autumn Statement, chancellor Philip Hammond has announced, but projects using EU funds...
The amount of revenue raised though property taxes in 2014-15 was £66.8bn, an increase of nearly 3% compared to the previous year, an analysis by the Taxpayer’s Alliance has found.
Chancellor Philip Hammond has been urged to bring forward plans for a public spending reset after the Bank of England cut interest rates to a record low of 0.25% in response to economic concerns...