Scotland spent less than it might have done in the first two years of Covid-19, and the nation’s spending watchdog has urged public bodies to use the lessons learned from the pandemic to help plan...
Despite higher tax income and lower spending on energy support, the government has less fiscal headroom than any in recent years, the Office for Budget Responsibility has said.
Government plans to increase the number of hospital beds and ambulances to meet the growing care demands being placed on the NHS will depend on a long-term workforce plan, an expert has said.
Jeremy Hunt’s much-trailed “difficult decisions” have led to real-terms cuts to public investment and seemingly very little for local government and most other services as interest payments eat into...
Chancellor Jeremy Hunt is set to make up to £60bn of spending cuts and tax increases to help shrink the government’s medium-term budget gap, despite the cost-of-living crisis, according to reports.
The Scottish Government would rejoin the European Union and earmark up to £20bn in green infrastructure spending if an independence vote was successful.
Income tax bands not rising in line with inflation will eclipse the benefit households might expect from tax cuts, meaning the government is effectively “giving with one hand and taking with the...
The government’s choice to not go ahead with a Spending Review this year means departments will need to make difficult decisions on services as inflation erodes their budgets, experts have warned.
The Treasury has confirmed the fiscal event taking place on Friday will not come alongside a full forecast from the Office for Budget Responsibility, despite concerns from MPs and experts.
New chancellor Kwasi Kwarteng’s first ‘fiscal event’ to provide more details on the energy support package will take place on 23 September, PF understands.
The new prime minister would face a £23bn cost if they want to help shelter households from the ongoing cost-of-living crisis by scaling up a previously announced scheme with inflation, a leading...
The government will need to give departments an additional £44bn in the coming years as inflation eats into budgets, an economist at the Institute for Fiscal Studies has said.
Ministers should focus on supporting the poorest households through the cost-of-living crisis rather than implementing broad tax cuts, economists at the National Institute of Economic and Social...
Government debt could peak at more than three times GDP over the long-term without tax rises or spending reductions, the Office for Budget Responsibility has warned.
Levelling up secretary Michael Gove was unable to confirm how the government will fund the proposed expansion of the right-to-buy scheme, but urged MPs to “watch this space”.
Some regions across the UK are likely to miss out on initial development funding as the government directs its support towards the most deprived areas first, according to experts.
Scotland is set to prioritise spending on health, education and climate change over the next four years, leaving other areas such as local government facing cuts, according to experts.
Chancellor Rishi Sunak has announced a windfall tax on energy companies’ “extraordinary” profits to help fund support measures aimed at helping people through the cost-of-living crisis.
