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16 Apr 21
Brexit’s damage to UK public finances looks set to be less harsh than it would have been if a trade deal had not been reached.
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13 Apr 21
The coronavirus pandemic led to a 7.8% GDP contraction the year to February, according to the Office for National Statistics.
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16 Mar 21
The Bank of England is looking at “new tools” to guide the UK economy out of the crisis caused by Covid-19, according to governor Andrew Bailey.
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12 Mar 21
The UK’s GDP shrank by 2.9% in January, as Covid-19 restrictions and European Union import disruptions reduced economic activity, according to the Office for National Statistics.
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10 Mar 21
The UK’s economic recovery from Covid-19 will begin later than previously expected, but will provide accelerated growth in the coming years, according to ratings agency Standard and Poor’s.
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3 Mar 21
Covid-19 has reversed the normal fiscal cycle between elections, bringing a spending splurge at the beginning of this Parliament – Dan Corry wonders whether announcements on future tax rises in the...
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3 Mar 21
Budget measures imply the government will have borrowed an ‘unprecedented’ £570bn over this financial year and next, according to the Office for Budget Responsibility.
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2 Mar 21
The 2021 Budget will see the launch of the UK’s first green bond, more post-Covid-19 support and a new anti-fraud agency– PF rounds up what announcements the chancellor has in store.
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1 Mar 21
Chancellor Rishi Sunak should not increase taxes in this week’s Budget, as they could undermine the Covid-19 recovery, the Treasury Select Committee has warned.
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26 Feb 21
Reforms and increases to the tax base which could raise up to £55bn a year should be implemented as part of the upcoming Budget, according to a leading think tank.
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23 Feb 21
A rise in corporation tax and extensions to the Universal Credit uplift and furlough scheme are among potential government Budget moves being reported in the national press. PF rounds up the rumours.
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16 Feb 21
The UK government might have to raise up to £60bn in taxes to offset Covid-19 expenses, though tax changes should be avoided in next month’s Budget, an economist has warned.
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12 Feb 21
UK GDP fell by 9.9% in 2020, the largest yearly drop in more than 300 years, following the impact of Covid-19.
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8 Feb 21
Treasury officials are looking into the implementation of an online sales tax and an ‘excessive profit’ levy, in response to the increase in online shopping resulting from Covid-19, according to...
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5 Feb 21
The Bank of England has written to banks asking them to take measures to prepare for any future decision to cut interest rates below zero later this year.
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2 Feb 21
Chancellor Rishi Sunak will stand by the 2019 Conservative manifesto pledge and not raise income tax, VAT or national insurance in the upcoming budget, according to reports.
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28 Jan 21
Local authorities in Scotland are set to receive £11.6bn from Holyrood next year, an increase of around 3% – plus £90m to freeze council tax – according to draft budget proposals.
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26 Jan 21
The UK’s economy has been weakened by significant challenges relating to Brexit, with exit from the single market set to impact medium-term growth, according to ratings agency Moody’s.
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25 Jan 21
The Bank of England’s bond purchase programme is creating a “moral hazard” by funding companies which emit large amounts of carbon dioxide, according to a group of MPs.
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22 Jan 21
Central government bodies’ day-to-day spending rose to £86bn last month, the highest monthly total since May, according to the Office for National Statistics.
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19 Jan 21
Jesse Norman, financial secretary to the Treasury, has warned against immediate tax rises in the upcoming budget which could “impede” economic growth.
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19 Jan 21
The UK’s credit rating could decrease if the Brexit free trade agreement with the European Union undermines economic performance, according to ratings agency Fitch.
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18 Jan 21
Chancellor Rishi Sunak is considering reversing historic corporation tax cuts in the March Budget and longer-term reforms to stamp duty and council tax, according to reports.
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15 Jan 21
The UK’s economy shrank by 2.6% in November, as a result of the second English lockdown, according to the Office for National Statistics.
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14 Jan 21
The Bank of England needs to improve its own understanding of its quantitative easing programme to improve its effectiveness, according to the bank’s internal watchdog.
16 Apr 21Brexit’s damage to UK public finances looks set to be less harsh than it would have been if a trade deal had not been reached.
13 Apr 21The coronavirus pandemic led to a 7.8% GDP contraction the year to February, according to the Office for National Statistics.
16 Mar 21The Bank of England is looking at “new tools” to guide the UK economy out of the crisis caused by Covid-19, according to governor Andrew Bailey.
12 Mar 21The UK’s GDP shrank by 2.9% in January, as Covid-19 restrictions and European Union import disruptions reduced economic activity, according to the Office for National Statistics.
10 Mar 21The UK’s economic recovery from Covid-19 will begin later than previously expected, but will provide accelerated growth in the coming years, according to ratings agency Standard and Poor’s.
3 Mar 21Covid-19 has reversed the normal fiscal cycle between elections, bringing a spending splurge at the beginning of this Parliament – Dan Corry wonders whether announcements on future tax rises in the...
2 Mar 21The 2021 Budget will see the launch of the UK’s first green bond, more post-Covid-19 support and a new anti-fraud agency– PF rounds up what announcements the chancellor has in store.
1 Mar 21Chancellor Rishi Sunak should not increase taxes in this week’s Budget, as they could undermine the Covid-19 recovery, the Treasury Select Committee has warned.
26 Feb 21Reforms and increases to the tax base which could raise up to £55bn a year should be implemented as part of the upcoming Budget, according to a leading think tank.
23 Feb 21A rise in corporation tax and extensions to the Universal Credit uplift and furlough scheme are among potential government Budget moves being reported in the national press. PF rounds up the rumours.
16 Feb 21The UK government might have to raise up to £60bn in taxes to offset Covid-19 expenses, though tax changes should be avoided in next month’s Budget, an economist has warned.
5 Feb 21The Bank of England has written to banks asking them to take measures to prepare for any future decision to cut interest rates below zero later this year.
28 Jan 21Local authorities in Scotland are set to receive £11.6bn from Holyrood next year, an increase of around 3% – plus £90m to freeze council tax – according to draft budget proposals.
26 Jan 21The UK’s economy has been weakened by significant challenges relating to Brexit, with exit from the single market set to impact medium-term growth, according to ratings agency Moody’s.
19 Jan 21The UK’s credit rating could decrease if the Brexit free trade agreement with the European Union undermines economic performance, according to ratings agency Fitch.
