It remains a ‘big question’ whether the government’s package of city deals will be able to provide a boost to the economy, an expert on cities has said.
Barclays is unlikely to have acted alone in its manipulation of the London Interbank Offered Rate and there is ‘a lot more to come’, according to the former deputy governor of the Bank of England,...
A continuing rise in the UK deficit could increase government borrowing costs if bond markets fear the coalition is ‘losing control’, journalist Paul Mason told CIPFA’s annual conference today.
Sir John Gieve has been there, done that, seen the blood on the carpet. The former Bank of England deputy governor talks to Judy Hirst about lessons from the last financial crash, the eurozone crisis...
An increase in central government spending meant public sector net borrowing hit £17.9bn last month, £2.7bn higher than the same time last year, it has been revealed today.
The government is set to offer greater devolution to English councils later this year in a move that will signal a ‘very radical’ extension of economic powers to local authorities
The Bank of England will introduce two new stimulus packages to boost bank lending in response to the ‘heightened uncertainty’ over the state of the economy, governor Sir Mervyn King has revealed.
As economic crisis turns to political crisis across Europe, what are the lessons for local democracy here? The May 3 elections sent out some strong messages on mayors, majorities and political...
Prime Minister David Cameron has today urged young people to bid for a share of a £82.5m government loan scheme to help them set up their own business.
The Ministry of Defence is cutting staff numbers before it has a ‘proper understanding of what skills it will need in the future’, the Public Accounts Committee has warned
The economy contracted by 0.3% in the first three months of this year, a greater fall in output than previously thought, the Office for National Statistics has revealed.
The public sector was in surplus by £16.5bn in April, as a result of the one-off transfer of funds from the Royal Mail pension scheme to the Treasury, it was revealed today.
A single 30% flat tax, merging National Insurance and income tax, should be introduced within the next eight years to boost economic growth, the Institute of Directors and the Taxpayers’ Alliance...
Whitehall’s decision to claw back half of the localised business rates collected by English councils ‘falls well short’ of giving them freedom and lacks ambition, according to town halls.
The business plan underpinning the decision to split Northern Rock in two proved to be ‘optimistic’ but the alternative would not have benefited the taxpayer more, the National Audit Office said...
Warnings by MPs about the total costs of staging the Olympic and Paralympic Games in London this summer are a ‘bit misleading’, according to the Games’s finance director.
Gross domestic product shrank by 0.2% in the first quarter of this year, the second consecutive quarter of contraction, putting the UK back in recession.
