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UK public finances

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  • Thursday, 21 September, 2023
    Rachel Reeves
    From the OBR to new fiscal rules, we will bring back stability

    Labour’s charter of Budget responsibility aims to give businesses certainty — with no repeats of the ‘mini’ Budget

    Shadow Chancellor of the Exchequer, Rachel Reeves is seen outside the Bank of England on Thursday, when the MPC held interest rates at 5.25% per cent
  • Thursday, 21 September, 2023
    UK public borrowing comes in lower than forecast

    Better than expected data adds to pressure on chancellor to cut taxes

    UK chancellor Jeremy Hunt
  • Friday, 1 September, 2023
    UK local government finance
    Ministers look to force local councils in England to publish overdue accounts

    Government proposals designed to address backlog of more than 500 financial statements from public bodies

    The façade of Woking Borough Council offices in the town centre of Woking, Surrey, southeast England, UK
  • Wednesday, 23 August, 2023
    Inside Politics
    Sense of brighter outlook raises pressure for pre-election tax cuts

    Government speculation swirls over whether to change chancellor before public vote

    Jeremy Hunt
  • Tuesday, 22 August, 2023
    Hunt urged to cut UK taxes after better than expected borrowing data

    Tory MPs press chancellor after latest figures for public finances are stronger than anticipated

  • Friday, 21 July, 2023
    UK public borrowing falls unexpectedly as tax receipts grow

    Welcome economic boost as retail sales growth beats forecasts

    The headquarters of HM Treasury
  • Wednesday, 19 July, 2023
    Robert Shrimsley
    There is no low-tax option at the next UK election

    Both major parties have yet to be totally honest with the electorate

    A man in a suit and bowler hat rides a hot air balloon with word tax written across it
  • Thursday, 13 July, 2023
    UK politics
    UK government debt to reach 310% of GDP by 2070s, fiscal watchdog warns

    Public finances in ‘very risky’ position, says Office for Budget Responsibility

  • Tuesday, 11 July, 2023
    UK politics
    Hunt orders ministers to find £2bn savings for public sector pay rises

    Chancellor wants to offer about 6% without having to increase UK borrowing

    Striking members of the Public and Commercial Services Union protesting outside Downing Street
  • Sunday, 25 June, 2023
    UK politics
    Rishi Sunak defends possible curbs on UK public sector pay

    Unions condemn PM’s comments that he may disregard recommendations of independent review bodies

    Junior doctors protest in Manchester during strike action earlier this month
  • Wednesday, 21 June, 2023
    UK government debt surpasses GDP for first time in 62 years

    Public sector net borrowing doubled to £20bn in May

    Photo of an online energy bill
  • Monday, 12 June, 2023
    UK politics
    Hunt announces drive to boost UK public sector productivity

    Chancellor says reform of state is crucial to driving economic growth and tax cuts

    UK chancellor Jeremy Hunt
  • Thursday, 8 June, 2023
    Chris Giles
    Promising tax cuts is bad economics — and politics

    The chancellor’s fiscal rules give him room for pledges that please the Conservative backbenches but there’s a big caveat

  • Tuesday, 23 May, 2023
    Inside Politics
    Reduced immigration demands do not align with realities of low funding

    The Conservative party needs to address issue of spending on skills and staffing

    Someone holding a sign saying ‘Honk for higher education’
  • Tuesday, 23 May, 2023
    UK public borrowing rises on social security and interest payments

    Net borrowing was higher than expected at £25.6bn in April

    Montage of a woman carrying a baby, pound notes and coin, and the UK Treasury logo
  • Friday, 28 April, 2023
    UK quantitative easing
    Bank of England forecasts £100bn payment from Treasury by 2033 over QE losses

    Central bank stresses figures relating to bond-buying programme are estimates

    The Bank of England building
  • Tuesday, 25 April, 2023
    UK tax
    Inheritance tax soars as result of UK’s fiscal drag

    HMRC boosted the total tax take by 9.9 per cent in 2022-23

    A mourner places a hand on a funeral coffin
  • Tuesday, 25 April, 2023
    UK government borrows less than expected, raising prospect of tax cuts

    Public spending falls short of forecasts but so do revenues, indicating weaker economic performance

    The headquarters of HM Treasury in the Westminster district of London, UK
  • Tuesday, 21 March, 2023
    UK public borrowing rises on energy support schemes

    February figure of £16.7bn is higher than expected

    Jeremy Hunt
  • Thursday, 16 March, 2023
    Jeremy Hunt accused of gaming his fiscal rules

    Experts say public finances could be in a worse shape than figures contained in the Budget

  • Thursday, 16 March, 2023
    Paul Johnson
    The UK chancellor is caught in a dilemma, as his Budget shows

    Continuing to muddle through, massage the figures and implement bad policies will only make the problems worse

  • Wednesday, 15 March, 2023
    News in-depthUK Budget
    Jeremy Hunt uses improved public finances to serve up giveaways

    But UK chancellor’s tax incentives to nurture business investment are constrained by his own fiscal rules

    Montage of Jeremy Hunt and a chart
  • Wednesday, 15 March, 2023
    UK Budget
    Hunt’s Budget offers £9bn business tax break and surprise pension boost

    Chancellor also extends free childcare of one- and two-year-olds in fiscal plan to increase workforce

    Jeremy Hunt hold briefcase with the Budget in it
  • Sunday, 12 March, 2023
    ExplainerUK Budget
    Five things to look out for in Jeremy Hunt’s Budget

    Chancellor expected to take steps to nurture economic growth as well as address cost of living crisis

    Jeremy Hunt Budget montage
  • Sunday, 12 March, 2023
    The FT ViewThe editorial board
    The UK chancellor’s fiscal conundrum

    Jeremy Hunt’s Budget must boost growth amid tight finances and political pressures

    Rishi Sunak watches Jeremy Hunt tap his bank card to buy a pork pie at a market
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