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 government’s choice to sack the top civil servant in the Treasury will “taint” the successor and cause unnecessary upheaval during the cost-of-living crisis, experts have said.
The government’s energy cap is likely to lower inflation in the short term, but one expert warned that it might not yield longer-term savings on servicing the government’s large stock of interest-...
The government’s plan to temporarily cap energy bills for households and businesses will likely lead to higher borrowing and increased pressure on public finances, experts have said.
New prime minister Liz Truss has outlined plans she said will save average households £1,000 a year for the next two years on energy bills, but faces criticism over refusing to further tax suppliers...
New prime minister Liz Truss has selected her first cabinet, but a leadership expert has warned that her focus on appointing political allies could hinder the government’s ability to implement change.
The government has outlined plans to shrink the size of its office portfolio by £1.5bn to help reduce running costs and provide funding to maintain properties.
A group of MPs has sought assurance that the Office for Budget Responsibility is preparing for a potential emergency Budget or “significant fiscal event” in September should the incoming prime...
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 is “playing catch up with inflation” and will need to rapidly step up its support package for households just to keep pace, although many people will still be much worse off, the...
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.
A programme of a similar scale to the unprecedented Covid-19 employment scheme might be necessary to keep rising energy bills from pushing millions of people into financial desperation, according to...
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...
Tax cuts proposed by Conservative leadership candidate Liz Truss could cost more than £30bn and break the government's fiscal rules, economists at the Institute for Fiscal Studies have warned.
The lack of good data on the location and occupancy of government properties is hindering Whitehall’s ability to manage its portfolio, the National Audit Office has said.
A lack of taxes on wealth means young people are left paying a disproportionate share of the tax burden, despite older people generally being wealthier, an expert has said.
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.
Greg Clark has been appointed the new levelling up secretary, replacing the sacked Michael Gove in one of Boris Johnson’s last moves before announcing his resignation.
A turbulent evening in UK politics left Nadhim Zahawi as the new chancellor of the exchequer, after Rishi Sunak resigned citing his “fundamentally” different approach to government from Boris Johnson.
