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UK public finances

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  • Wednesday, 25 January, 2023
    Truss to join Tory rightwing clamour for immediate tax cuts

    Hunt and Sunak insist their focus is on controlling UK public finances and inflation

  • Tuesday, 24 January, 2023
    UK public sector borrowing more than doubles in December

    Energy support schemes drive up figures as ONS report shows highest borrowing since monthly records began in 1993

  • Saturday, 21 January, 2023
    Bulb Energy
    UK government set for payback from Bulb sale to Octopus

    Fall in gas prices expected to cut cost of failed energy company’s rescue by up to £840mn

  • Thursday, 19 January, 2023
    King Charles III
    King Charles hands over wind farm profits for ‘wider public good’

    UK’s new monarch pre-empts critics by surrendering coming windfall from seabed licences

  • Thursday, 12 January, 2023
    Bank of England
    BoE winds up Truss emergency measures

    Bonds it purchased to stabilise the UK economy after the disastrous mini-Budget have now been sold

  • Wednesday, 21 December, 2022
    UK public sector borrowing hits record November high

    Energy support payments and higher debt interest pushes borrowing to £22bn last month

  • Tuesday, 22 November, 2022
    Treasury bails out BoE for first losses on QE programme

    Central bank requires funding after raising interest rates but payments have no effect on overall public finances

  • Tuesday, 22 November, 2022
    UK public borrowing rises as energy cap takes effect

    October’s figure of £13.5bn was £4.4bn more than in the same month last year

  • Friday, 18 November, 2022
    Autumn Statement
    ‘New era’ of higher taxes beckons for UK, warn think-tanks

    Resolution Foundation points to wage stagnation, while IFS says fiscal rules only just met by £55bn squeeze

  • Thursday, 17 November, 2022
    News in-depthAutumn Statement
    Hunt returns to ‘fiscal orthodoxy’ in face of grim public finances

    Unlike Kwasi Kwarteng, the chancellor accepted the OBR’s dire predictions for the economy

  • Thursday, 17 November, 2022
    Autumn Statement
    Hunt unveils £55bn fiscal squeeze as UK economic outlook darkens

    Chancellor pushes back many measures announced in Autumn Statement until after expected general election in 2024

  • Thursday, 17 November, 2022
    Autumn Statement
    The FT’s quick guide to the Autumn Statement

    Main points and key data from Jeremy Hunt’s economic announcement

  • Wednesday, 16 November, 2022
    Investors warn UK government on dangers of new austerity wave

    Cuts to public spending must be balanced with recession risks, say fund managers

  • Tuesday, 15 November, 2022
    UK business & economy
    UK public sector workers hit hardest by cost of living crisis

    Gap with private sector pay growth now the widest on record

  • Monday, 14 November, 2022
    ExplainerAutumn Statement
    Why is Jeremy Hunt planning big tax rises and spending cuts?

    The UK chancellor is preparing measures to reduce public borrowing because of dire predictions for the public finances

  • Monday, 14 November, 2022
    ExplainerAutumn Statement
    Five things to look out for in Jeremy Hunt’s Autumn Statement

    UK chancellor wants to convince financial markets he has control of public finances

  • Sunday, 13 November, 2022
    The FT ViewThe editorial board
    Jeremy Hunt’s fiscal juggling act

    Britain’s chancellor must satisfy markets while limiting economic damage

  • Sunday, 13 November, 2022
    Autumn Statement
    Hunt says all Britons will pay higher taxes after Autumn Statement

    Chancellor also warns of spending cuts as he seeks to fill budgetary hole

  • Friday, 11 November, 2022
    Nicholas Macpherson
    Jeremy Hunt leads chastened Conservatives back to ‘Treasury orthodoxy’

    The chancellor has peered into the abyss and must now pull the economy back from danger

  • Thursday, 10 November, 2022
    UK government spending
    Hunt plans post-election squeeze on spending with ‘Austerity 2.0’

    Day-to-day spending on public services to be frozen in real terms for three years from 2025

  • Thursday, 10 November, 2022
    Chris Giles
    Jeremy Hunt has a choice between politics and economics

    The new UK chancellor’s Autumn Statement will show if he is prepared to tackle those ‘eye-wateringly’ difficult decisions

  • Wednesday, 9 November, 2022
    Explainer
    What is the UK fiscal hole and what has contributed to it?

    Chancellor Jeremy Hunt is considering big tax rises and spending cuts to fix the public finances

  • Monday, 7 November, 2022
    Autumn Statement
    Hunt plans stealth raid on UK inheritance tax in Autumn Statement

    Chancellor intends to cut £33bn in public spending while raising taxes by £21bn under draft proposals

  • Wednesday, 2 November, 2022
    ExplainerUK Budget
    Jeremy Hunt’s options for saving £50bn

    Britain’s chancellor has no easy options for filling the country’s fiscal hole

  • Thursday, 27 October, 2022
    Free LunchMartin Sandbu
    How to make the UK’s budget maths add up Premium content

    Spending cuts are far from the only option

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