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HM Treasury

  • Wednesday, 19 March, 2025
    UK economy
    UK Treasury omits defence from National Wealth Fund priority sectors

    Decision comes even as government joins other European countries in seeking to raise military spending

    A member of staff works in the cockpit of an aircraft on the Eurofighter Typhoon production line at BAE systems
  • Monday, 17 March, 2025
    UK financial regulation
    UK Treasury to review under-fire Financial Ombudsman Service

    Announcement of probe comes as government sets out ‘radical action plan’ to cut regulation and red tape

    Emma Reynolds
  • Saturday, 15 March, 2025
    Andy Haldane
    It is time to rewire ‘Treasury brain’

    The chancellor’s Spring Statement is a chance to get away from the UK obsession with fiscal tightening that kills growth

    Rachel Reeves, the UK chancellor
  • Friday, 7 March, 2025
    News in-depthUK energy
    UK Treasury eyes spending cuts at GB Energy in blow to Ed Miliband

    State-owned company was set up with mission to invest in renewables and decarbonisation of the grid

    Montage shows Ed Miliband against a backdrop of the Great British Energy logo
  • Thursday, 27 February, 2025
    UK financial regulation
    FCA looks for policies to scrap as it slows ‘pace of regulatory change’

    UK financial watchdog’s moves come as Keir Starmer urges regulators to consider impact of their measures on growth

    The Financial Conduct Authority logo
  • Friday, 21 February, 2025
    UK insurance industry
    Companies fail to stop furlough funds being deducted from pandemic payouts

    Decision is latest in broader dispute between business policyholders and insurers over Covid coverage

    The City of London while in lockdown during the coronavirus pandemic
  • Tuesday, 18 February, 2025
    UK agriculture
    UK Treasury rejects farmers’ inheritance tax compromise

    Government will not back down on reforms outlined in Budget, industry told during meeting with officials

    A farmers’ protest causes gridlock in central London last week
  • Monday, 17 February, 2025
    Meg Hillier
    Show me the evidence that City deregulation will help growth

    There is a severe risk of ‘Treasury capture’ as consumers are outgunned in the battle for the ear of policymakers

    A squatter removes an eviction notice from the front door of a house in London
  • Thursday, 13 February, 2025
    News in-depthUK economy
    Modest UK growth reprieve leaves Reeves on defensive ahead of Spring Statement

    Figures do little to dispel broader concerns about weakness of the economy and its impact on public finances

    Montage shows Rachel Reeves against a City of London skyline
  • Tuesday, 11 February, 2025
    UK public finances
    Reeves faces cutting spending or raising taxes as UK growth disappoints

    Chancellor’s fiscal headroom has been wiped out, according to preliminary forecasts by watchdog

    Rachel Reeves
  • Friday, 24 January, 2025
    Rachel Reeves
    Reeves to go ‘further and faster’ for growth after recent turmoil

    UK chancellor has made more muscular use of Treasury to push changes

    Chancellor Rachel Reeves
  • Thursday, 23 January, 2025
    UK business
    Reeves’ offensive against regulators sparks alarm from consumer groups

    Chancellor’s pro-business intervention raises concerns that protections are being weakened

    A montage of Rachel Reeves in front of the CMA and FCA logos on a red background
  • Monday, 20 January, 2025
    UK business
    Reeves intervenes in UK car finance mis-selling case to protect lenders

    Treasury approach to Supreme Court a blow to consumer groups but chancellor fears damage to sector

    Cars for sale on showroom forecourt
  • Monday, 20 January, 2025
    UK politics
    UK’s ‘Office for Value for Money’ may not actually save cash, MPs warn

    Committee demands transparency on costs and delivery of the new efficiency unit

    The HM Treasury building
  • Friday, 10 January, 2025
    UK government spending
    Whitehall braced for spending cuts after UK hit by bond market turmoil

    Rising gilt yields mean government departments may face further squeeze

    The Treasury
  • Sunday, 5 January, 2025
    Pensions industry
    Should the UK really look to Canada’s pension system as its model?

    Chancellor Rachel Reeves wants to learn lessons from the ‘Maple 8’ — but they have their own problems

    Commuters cross Bay Street in Toronto
  • Thursday, 19 December, 2024
    Robert Shrimsley
    Time for Keir Starmer to remember he is first lord of the Treasury

    With growth at the heart of his policy platform, the prime minister is remarkably passive on the economy

    Illustration of Sir Keir Starmer’s head in profile, with a torch-like beam of graphs streaming from his eyes
  • Wednesday, 18 December, 2024
    Shoe Zone Ltd
    UK footwear chain Shoe Zone blames Budget for shop closures

    Shares plunge 40 per cent after retailer halves profit forecast and suspends dividend

    A general view of a Shoe Zone shop in Croydon
  • Wednesday, 11 December, 2024
    Inside Politics
    Winners and losers of Labour spending review

    Funding tug of war looms between Treasury and Downing Street as party’s political machinery tightens

    Keir Starmer leaves number 10
  • Tuesday, 10 December, 2024
    UK government spending
    UK public sector workers face fresh pay restraint as Treasury takes tough stance

    Whitehall departments say rises of more than 2.8% for NHS staff and teachers in 2025-26 would be unaffordable

    Protest during joint strike action by train drivers, teachers, university staff and civil servants, in Leeds under last government
  • Tuesday, 10 December, 2024
    UK financial regulation
    MPs should quiz ‘finfluencers’, says Treasury select committee chair

    Meg Hillier highlights concern over people turning to ‘some random on TikTok’ for financial guidance

    Dame Meg Hillier
  • Thursday, 28 November, 2024
    UK government spending
    Reeves pushes back multiyear UK spending review until June

    Delay from planned spring 2025 Treasury announcement will extend period of uncertainty for government departments

    Rachel Reeves
  • Friday, 8 November, 2024
    UK economy
    Reeves plans to use £350bn council pension pot to boost UK economy

    Chancellor to set out reform to fragmented local authority funds in Mansion House speech

    Reeves, with Mansion House in background
  • Tuesday, 5 November, 2024
    UK government spending
    UK Treasury breached legal duty by failing to reveal overspend, says watchdog

    OBR chair says relationship with finance ministry moving to ‘system of trust but verify’

    The Treasury building
  • Friday, 1 November, 2024
    UK Autumn Budget 2024
    Peering inside a (fiscal) black hole

    Come for the snark, stay for the Soundgarden puns

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