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.
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...
