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UK public finances

  • Sunday, 6 October, 2024
    The FT ViewThe editorial board
    Britain’s debt rule is not fit for purpose

    The chancellor should begin moving the country to a more dynamic fiscal framework

    Rachel Reeves
  • Friday, 4 October, 2024
    UK government spending
    Rachel Reeves vows to ‘invest, invest, invest’

    FT exclusive: Chancellor seeks to reassure investors that ‘guardrails’ will be placed around extra borrowing for investment

    Rachel Reeves meets workers during a visit to the Encirc Glass factory in Chester
  • Monday, 30 September, 2024
    Martin Wolf
    Reeves struggles to escape from self-imposed restraints

    Breaking Labour’s commitments would be a bad thing to do but failure to improve the UK’s condition could be even worse

    Rachel Reeves
  • Friday, 27 September, 2024
    UK confronts massive funding gap to tackle crumbling infrastructure

    Rachel Reeves is looking at loosening fiscal rules to allow her to increase borrowing to pay for investment

    Chancellor of the Exchequer, Rachel Reeves
  • Friday, 27 September, 2024
    Gus O'Donnell
    Ditch the last government’s absurd debt rule and invest to grow

    Current rules hem the chancellor in — this Budget can make a start on ways to attract and measure investment

    Wind turbines in the North Sea of the coast of Essex
  • Friday, 27 September, 2024
    Gilt investors urge Reeves to keep investment ambitions in check

    Markets on edge ahead of overhaul of fiscal rules that could result in tens of billions of pounds of extra borrowing capacity

  • Thursday, 26 September, 2024
    Highest earners in UK public service take biggest hit to pay

    Doctors, teachers and police have slipped down the earnings distribution since 2007

    Teaching staff and NEU members attend a rally outside Leeds Art Gallery in February
  • Wednesday, 25 September, 2024
    UK economy
    UK will increase capital spending in the Budget, Starmer signals

    Prime minister hints he backs changes to Treasury fiscal rules to boost investment

    Sir Keir Starmer speaks in an interview
  • Monday, 23 September, 2024
    UK economy
    What are Rachel Reeves’s options for boosting public investment?

    Chancellor appears to be rethinking government’s fiscal approach to create more room for spending

    FT montage shows UK chancellor Rachel Reeves against photos of a water pipe, a railway line, the NHS logo and a wind turbine
  • Friday, 20 September, 2024
    UK economic gloom intensifies as borrowing overshoots

    Public debt hits 100% of GDP in August as chancellor prepares for first Budget

    The HM Treasury building with UK sterling notes in the background
  • Friday, 13 September, 2024
    Explainer
    Why is Reeves considering changes to the UK’s government debt target?

    Chancellor is exploring tinkering with Bank of England bond accounting

    A montage of stacks of coins, a yard stick used as a line graph and the logo of HM Treasury
  • Thursday, 12 September, 2024
    UK government finances are on an ‘unsustainable’ path, watchdog warns

    Demographic pressures and the costs of climate change will weigh on the public finances, says OBR

    An elderly woman holding pound coins
  • Wednesday, 11 September, 2024
    UK tax
    Bankers fear Reeves is preparing UK Budget tax raid on sector

    Chancellor and BoE governor to hold meeting with bosses of leading lenders

    Clouds hang over the skyscrapers of the City of London. In the foreground, a person is silhouetted while holding an umbrella, walking in the rain.
  • Tuesday, 10 September, 2024
    UK welfare reform
    Starmer suffers rebellion as MPs vote to cut pensioner benefit

    About a dozen Labour MPs are believed to have abstained in protest

    An elderly person with their hands on a radiator
  • Friday, 6 September, 2024
    UK Budget
    Rachel Reeves faces Whitehall revolt over spending cuts

    Departments set to reject chancellor’s demands as ‘just not possible’ and ask for more money instead

  • Wednesday, 4 September, 2024
    Reeves plans to ‘fiddle’ fiscal rules to boost borrowing, claim Tories

    UK chancellor may redefine debt in October Budget

    Rachel Reeves give a speech at the Treasury
  • Tuesday, 3 September, 2024
    Cabinet secretary bolsters Reeves’s claims on spending pressures

    Simon Case points out lack of new spending review to replan departmental budgets

    Chancellor Rachel Reeves, seated at a table in a formal meeting room, holds a document and a pen, preparing to give a speech at the Treasury in London, England.
  • Monday, 2 September, 2024
    UK government criticised for ‘over dramatic’ claims of run on the pound

    Labour minister had warned of the ‘economy crashing’ without immediate cuts

    Lucy Powell
  • Wednesday, 21 August, 2024
    UK public sector borrowing higher than expected in July

    Figure of £3.1bn highlights challenge for Labour government

    The Bank of England building
  • Friday, 16 August, 2024
    Patriotic gifts at a 10-year high — from just six UK donors

    Gifts to reduce national debt rose to £700,000 in 2023-24

    The Houses of Parliament in Westminster
  • Wednesday, 14 August, 2024
    Government of Scotland
    Scotland’s net fiscal deficit widens to £22.7bn

    Increase to 10.4% of GDP highlights vulnerability of country’s finances to moves in global oil market

    A North Sea drilling rig at sunset
  • Monday, 5 August, 2024
    Reeves leaves door open to higher borrowing to tackle UK ‘fiscal hole’

    Chancellor declines to rule out reclassifying how debt is measured ahead of visit to US and Canada to drive investment

    Rachel Reeves standing outside the Bank of England building
  • Tuesday, 30 July, 2024
    Who is to blame for the UK government’s overspending?

    Recriminations fly after Reeves’s claim of £22bn black hole

    Chancellor Rachel Reeves and her predecessor Jeremy Hunt
  • Monday, 29 July, 2024
    News in-depthUK government spending
    Chancellor’s task of stabilising the public finances has only just begun

    Treasury acknowledges announcements will only go part of the way towards clamping down on 2024-25 overspend

    A montage of a pair of scissors in front of images of a home heater, rail tracks, pound notes and Stonehenge
  • Monday, 29 July, 2024
    The FT ViewThe editorial board
    Britain’s tough fiscal choices

    Growth measures should not be sacrificed to plug ‘black hole’ in public finances

    Chancellor of the Exchequer Rachel Reeves in her office at no 11 Downing Street, London, ahead of her statement to the House of Commons on the findings of the Treasury audit into the state of the public finances.
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