Public sector net debt is forecast to rise by £125bn or 4.6% of GDP, as government embarks on the largest spending increase since 1992, according to the Office for Budget Responsibility.
Cost controls at the Renewable Heating Incentive, which led to the collapse of the Stormont government in 2017, fell by the wayside, according to the inquiry into the scheme.
City of Edinburgh Council has allocated £2m of a £7.43m award from the Scottish Government’s recent budget to tackle impacts from the coronavirus outbreak.
The Treasury has written to local authority finance officers to confirm a new discount rate for borrowing for housing spending from the Public Works Loan Board.
The government risks retaliation from the US after confirming it will go ahead with its planned tax on internet giants such as Facebook and Google from April.
Rishi Sunak hinted at a coming change to the government’s fiscal rule, promising to report back to parliament in the autumn after consulting with experts on how extra spending could boost the economy.
Chancellor Rishi Sunak has announced plans to remove business rates for small businesses this year, as part of a £12bn package to tackle the economic impact of coronavirus.
Stephen Boyle was nominated as auditor general by members of the Scottish Parliament on Tuesday afternoon to replace Caroline Gardner, who has held the position for the last eight years, subject to...
The government has announced plans to cut the Public Works Loan Board interest rate - but only after it has introduced measures to ban councils borrowing to invest in commercial property.
Local authorities dived back into Public Works Loan Board borrowing this week after the interest rate on some loans dropped below 2% following the coronavirus outbreak.
MPs and HM Revenue & Customs have found themselves in a standoff over the ‘loan charge’, a controversial result of the government closing a tax loophole that has left freelancers with mammoth...
The “high quality” of the local government sector made the Municipal Bonds Agency’s first bond issuance possible despite turbulent financial markets, the agency’s chairman has told PF.
