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 “large and unfunded fiscal package” announced by Kwasi Kwarteng last month has been cited as one of the main reasons ratings agency Fitch cut its outlook for the UK’s credit rating to “negative...
People on benefits face “crushing poverty” if payments are not increased in line with inflation, Kwasi Kwarteng has been told, amid concerns the government could refuse to do so.
Kwasi Kwarteng’s hastily rewritten speech at the Conservative Party conference was packed with mentions of growth and the need to bring down the UK tax burden, but commentators have expressed concern...
Cash-strapped services are fighting back after years of cost-shunting by the big Whitehall departments. With few signs of entente cordiale, who loses most?
The Treasury has said the forecast it will receive from the Office for Budget Responsibility in October will not be published until late November, resisting calls to release it earlier in an attempt...
The government is likely to make tens of billions of pounds of spending cuts in the next few years to meet its fiscal targets, following its market-spooking package of tax cuts, a panel at a think-...
The government’s ‘Growth Plan’ risks weakening public finances, worsening inequality and leading to the Bank of England aggressively raising interest rates, major international institutions have...
Council leaders have urged the government to “redouble” efforts to improve insulation and retrofit homes to increase fuel efficiency, saying new energy support measures will cost billions more than...
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 that the government will stick to the current funding settlement for departments, despite concerns over the impact of inflation on budgets.
A Labour government would create a national wealth fund to invest in renewable energy to help create a “greener, fairer Britain” – one of several announcements made by senior party figures including...
The chancellor’s statement was a bold change of direction but it creates challenges for Whitehall and local government, says principal consultant at Metro Dynamics and former senior policy adviser at...
Repealing reforms to off-payroll working rules could lead to a return of “widespread non-compliance and significant loss of tax revenues”, compliance experts have said.
New chancellor Kwasi Kwarteng announced a raft of tax cuts including a reduction in national insurance payments, in a move he said will shift the economy from a “vicious cycle of stagnation into a...
The chancellor’s reset at the Treasury will need more than a new permanent secretary to succeed, according to former senior policy adviser at the Treasury and current principal consultant at Metro...
The government is unlikely to hit its target for delivering affordable homes in rural areas, because wider market issues have had “a disproportionate impact” there, a senior civil servant has warned...
Tax cuts in Friday’s ‘fiscal event’ are set to raise UK government borrowing by more than £30bn – more than half of the total increase in borrowing since the Office for Budget Responsibility last...
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.
