The newly announced UK Infrastructure Bank will offer £4bn of loan to authorities at the same interest cost as local infrastructure rates formerly offered through the Public Works Loan Board.
The Treasury has completed the sale of Bradford and Bingley and NRAM, formerly Northern Rock, for £5bn, after the banks were brought under government control during the financial crisis.
The government does not know enough about the overall impact of environmental taxes on its carbon neutrality goals, according to the National Audit Office.
Cat Little had a baptism of fire after joining the Treasury in March 2020. From PPE purchasing to November’s Spending Review, controls have remained tight, she says.
The government has announced it is extending the Coronavirus Job Retention scheme for a further four months, alongside increased support for self-employed workers.
Government schemes to protect jobs and support businesses during the Covid-19 pandemic risk considerable levels of fraud and error, particularly the furlough scheme, according to the National Audit...
Chancellor Rishi Sunak has announced the government is to amend its Job Support Scheme to increase support to businesses affected by reduced trade resulting from Covid-19.
The UK Treasury has denied reports that it is to drop the recently-implemented digital services tax amid fears it could jeopardise a post-Brexit trade deal.
Economists’ predictions for the contraction in the UK’s GDP following Covid-19 became more pessimistic in August, according to the latest independent forecasts published by the Treasury.
The Treasury is looking into the potential of an infrastructure bank, to help offset the funding loss from European Investment Bank, according to a report.
Central government has failed to give local authorities enough clarity over long-term funding during the coronavirus pandemic, according to a report from the Public Accounts Committee.
The Institute for Fiscal Studies has warned the comprehensive spending review could lead to less money for spending departments than was trailed in March’s Budget, due to the Covid-19 pandemic.
The Debt Management Office is set to auction a record £45bn in gilts this month, in order to help finance the government’s response to the coronavirus pandemic.