Public spending rises announced by chancellor Rishi Sunak last autumn are now up to a quarter less generous in real-terms due to rising inflation, says Ben Zaranko.
Public sector workers face a hefty average real-terms pay cut of around £1,800 pounds in 2022-23 as chancellor Rishi Sunak looks to protect his spending plans without raising taxes further, ...
Chancellor Rishi Sunak’s announcement of a £500m extension to a hardship fund distributed via top-tier local authorities provides a mere “drop in the ocean” compared to the scale of the cost of...
Chancellor Rishi Sunak will have some ‘wiggle room’ to help tackle the rising cost of living in his Spring Statement as government borrowing undershoots forecasts, according to an influential...
Public services will have to continue to cope until funding decisions are announced in the Spending Review, says the Institute for Fiscal Studies’ director Paul Johnson.
The Spring Statement gave a hint the chancellor may be rethinking fiscal objectives, says chief economist at the Institute for Government Gemma Tetlow.
Promises made in the Spring Statement hinge around avoiding a no deal Brexit, which seems fairly optimistic at this point, says New Philanthropy Capital chief executive Dan Corry.
The chancellor has announced that assuming a Brexit deal is agreed and “uncertainty lifted”, he will launch a “full three-year spending review” before the summer break.
The public sector ran a £15bn surplus in January – the biggest on record for that month – as a result of strong taxes coming in, official figures have revealed.
The chancellor was right to celebrate a rosier economic outlook in the Spring Statement but must make spending on public services his priority going forward, says Reform's Alexander Hitchcock. ...
The government will find it hard to increase spending on public services even if it wishes to do so, the Institute for Fiscal Studies has warned after yesterday’s Spring Statement.
This year's Spring Statement was a ‘non-event’ and showed the chancellor is still trapped in a ‘reactive spending cycle’ - next year's Spending Review is his chance to change all that, says the...
Chancellor Philip Hammond’s hint that public spending could rise in the autumn will not help those dealing with strained budgets now, CIPFA chief executive Rob Whiteman has warned.
The economy is expected to grow more strongly than expected this year and the public finances will continue on the road to recovery, chancellor Philip Hammond revealed in his inaugural Spring...
Chancellor Philip Hammond has brought forward the next business rates revaluation by a year to 2021, after which three-yearly reviews will take effect.
