Economic volatility from shocks such as wars and Covid-19 have been the “most difficult thing” for Office for Budget Responsibility forecasters to contend with when trying to help the government plan...
The failure of energy watchdog Ofgem to effectively regulate suppliers has saddled households with higher costs and the government with the bill for bailouts, the Public Accounts Committee has said.
No service will remain unaffected by the challenges ahead and there is no one-size-fits-all solution, but an organisation-wide approach is a good start.
The largest interest rate hike from the Bank of England in 33 years has prompted warnings of financial misery for households, particularly the poorest, and the bank itself has predicted the UK will...
Hopes that inflation was a transitory phenomenon have been battered by economic and political headwinds. So how can Europe’s economies navigate their way to safer shores?
The Treasury has said the forecast it will receive from the Office for Budget Responsibility in October will not be published until late November, resisting calls to release it earlier in an attempt...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-...
An attempt to calm the market reaction to the government’s tax cut announcements illustrates the “bind” facing the Bank of England, an analyst has said, as the central bank commits to buying UK...
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...
The Bank of England has insisted it will put interest rates up “by as much as needed” to get inflation under control, in response to market reaction to the government’s announcements last week.
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...
UK interest rates will rise for the seventh time in quick succession as the Bank of England tries to bring inflation down, although the bank’s Monetary Policy Committee said recent government...
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 pace of inflation slowed in August for the first time in nearly a year, figures from the Office for National Statistics show, but prices still rose by nearly 10% in 12 months.
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 government needs to come up with support that could offset the impact of rising inflation on high street retailers and their customers, according to a big four accounting firm and the Joseph...
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...
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...
The Bank of England has pushed interest rates up by their biggest jump in 27 years, predicting further rampant inflation and a coming economic recession, and analysts think there are...
Rising prices and wages have been tipped to cost councils an additional £3.6bn in two years’ time, putting pressure on authority budgets and risking the need for them to cut services.
