As much as £26bn paid out under the government-backed Bounce Back Loan Scheme could be lost to fraud or default, according to the National Audit Office.
Chancellor Rishi Sunak signalled that plans for the government to get debt back under control will be pushed into the medium term, following this year’s record borrowing.
The economic disruption caused by Covid-19 and Brexit could complicate the government’s “levelling up” agenda, according to the Institute for Fiscal Studies.
The UK is unlikely to see negative interest rates “imminently”, according to David Ramsden, deputy governor for markets and banking at the Bank of England.
The Bank of England has outlined plans to explore how negative interest rates could be implemented for the first time, to help the UK’s economic recovery from Covid-19.
During the pandemic, increased innovation and accelerated digital service provision has been unevenly spread across public services, highlighting a new urgency to invest, writes Aidan Shilson-Thomas...
The UK economy continued its recovery in July as GDP rose by 6.6% month-on-month, the third consecutive month of growth following April’s record GDP fall of 20%, according to the Office for National...
The government’s Internal Market Bill could make a future free trade deal with the European Union harder, leaving UK GDP 2% worse off, according to ratings agency Fitch.
As director of the Institute for Fiscal Studies, Paul Johnson has overseen a period of ‘extraordinary’ lockdown output from his organisation, charting Covid-19’s economic impact.
Coronavirus has claimed over 700,000 lives and sparked a synchronised global downturn, but could it also sound the starting gun on transforming our society and public services?
Tax reforms should be implemented alongside the raising of tax rates to make eventual rises “less painful”, the Institute for Fiscal Studies has suggested.
Economists’ predictions for the contraction in the UK’s GDP following Covid-19 became more pessimistic in August, according to the latest independent forecasts published by the Treasury.
The recession caused by the Covid-19 pandemic has led to the biggest fall in the UK's quarterly gross domestic product since records began, according to the Office for National Statistics.
The Bank of England will continue to review the potential of negative interest rates, to help stimulate the UK’s economic recovery from Covid-19, it said today.
The Welsh government is to allocate an additional £22.7m in funding for adult social care services, to help meet the additional costs resulting from Covid-19.
Savings made by private sector firms and employees during lockdown could help pay for tax rises to cover the repayment of government Covid-19 debt, according to the National Institute of Economic and...