Inflation could run above the Bank of England 2% target going into 2023, as supply shortages led to CPI spiking this year, according to ratings agency Standard and Poor’s.
The Treasury’s inaugural £10bn bond targeting investments in net zero projects, received more than £100bn of bids from the market, according to reports.
Simon Gray, head of finance and operations at Agilisys discusses how modern financial management systems can help public sector finance directors embrace active financial planning and agile financial...
Hertfordshire County Council has been able to claw-back 96% of historical deposits in failed Icelandic banks after final payments were made last year, it has emerged.
A city council will take on £107m of debt to repay £65m of 'lender option, borrower option' loans, but still expects to save £18m over the life of the debt.
The size of quantitative easing undertaken in response to Covid-19 could test the Bank of England’s independence from ministers, according to a Parliamentary committee.
The government has failed to budget for £30bn of additional costs resulting from Covid-19 over the next three years, according to the Office for Budget Responsibility.
Brighton and Hove City Council has deferred a £1.2m loan payment from Brighton i360, a 530ft viewing tower, to help with its cash flow – over fears the attraction’s failure would cost more in the...
The government has committed to publishing its Green Financing Framework, which will set out new criteria for funding of its forthcoming green bonds, by the end of this month.
The House of Lords Economic Affairs Committee has written to chancellor Rishi Sunak to clarify the working relationship between the Bank of England and department throughout Covid-19.
Former prime minister David Cameron defended supply chain finance as a way of reducing cost of public service provision, as he faced questions from MPs on the lobbying scandal.
UK GDP is forecast to grow by 7.25% this year, as Covid-19 restrictions are lifted – the fastest growth since the Second World War, according to the Bank of England.
London Borough of Newham has been granted permission to appeal a High Court decision which rejected its claim against Barclays Bank over historic Lender Option Borrower Option loans.
Former prime minister David Cameron “quite persistently” lobbied Treasury officials to allow now-defunct Greensill Capital to access government Covid-19 support, according to the department's top...
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.
Councils will gain access to £4bn worth of loans for capital projects from the new UK Infrastructure Bank - although experts have raised questions about the lending rate.
Chancellor Rishi Sunak this week said a one percentage point rise in interest rates would add £25bn a year to the government’s debt servicing costs. So why isn’t the Treasury relieving the pressure...
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.
