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UK public finances

  • Thursday, 10 July, 2025
    Mohamed El-Erian
    The UK should press ahead with the inevitable on tax

    Delays in dealing with fiscal pressures risk further damage to household consumption, corporate investment and overall growth

    Rachel Reeves
  • Wednesday, 9 July, 2025
    UK tax
    Keir Starmer refuses to rule out extending tax-band freeze

    Labour government is battling to fill fiscal hole that some economists say could amount to more than £20bn

    Keir Starmer speaking in the House of Commons on Wednesday
  • Tuesday, 8 July, 2025
    News in-depthUK tax
    What is on Rachel Reeves’ menu for raising UK taxes?

    Chancellor could extend freeze on personal thresholds or impose fresh levies on wealthy to fill fiscal hole

    Composite photo showing Rachel Reeves and a dual-axis chart
  • Tuesday, 8 July, 2025
    UK faces ‘daunting’ risks to public finances, OBR warns

    Britain’s ability to respond to future shocks is ‘substantially eroded’ because of high debt, says fiscal watchdog

    City workers pass the Bank of England
  • Wednesday, 2 July, 2025
    UK welfare reform
    Starmer guts UK welfare reforms to avoid Commons defeat

    Government wins vote but watered-down measures will leave a multibillion-pound hole in public finances

    Work and pensions secretary Liz Kendall
  • Tuesday, 1 July, 2025
    Explainer
    Rachel Reeves faces £5bn fiscal hole after welfare reform U-turn

    Chancellor is being pushed to bend her rules on borrowing to fund higher spending

    Chancellor Rachel Reeves against a data backdrop
  • Monday, 30 June, 2025
    UK welfare reform
    Labour rebels await details of welfare concessions ahead of key vote

    Work and pensions secretary Liz Kendall to set out changes to bill as Keir Starmer tries to reassert his authority

    Liz Kendall
  • Friday, 27 June, 2025
    News in-depthUK welfare reform
    How Starmer averted ‘civil war’ with Labour MPs after diluting welfare cuts

    Downing Street counts political and financial cost after initial response fanned flames of unrest

    (L-R) Chancellor of the exchequer Rachel Reeves, Prime Minister Sir Keir Starmer and Welfare secretary Liz Kendall
  • Tuesday, 24 June, 2025
    UK welfare reform
    Starmer vows to press on with welfare cuts despite Labour rebellion

    Opponents of government bill seek to pressure ministers into making changes to benefit reforms

    Britain’s Prime Minister Keir Starmer
  • Tuesday, 17 June, 2025
    Reeves signals UK defence spending will not rise above 2.6% of GDP this parliament

    Chancellor’s comments come despite US pressure on Nato countries to rapidly boost their militaries

    Rachel Reeves
  • Thursday, 12 June, 2025
    UK government spending
    Reeves will be forced to raise taxes this autumn, economists predict

    UK chancellor warned ‘something important may have to give’ to fill expected fiscal hole

    Rachel Reeves talks to NHS staff during a visit to St Thomas’ Hospital in London on Wednesday
  • Thursday, 12 June, 2025
    Treasury gains £500mn to pay off UK debt from Barings banker’s 1927 fund

    Windfall in form of ‘patriotic gift’ comes as Chancellor Rachel Reeves strives to balance books

    The headquarters of HM Treasury
  • Wednesday, 11 June, 2025
    The FT ViewUK spending review
    Rachel Reeves opens the cheque book

    The UK government must now show it can turn investment into growth

    Rachel Reeves
  • Wednesday, 11 June, 2025
    News in-depth
    ‘Jam today, pain tomorrow’: why the UK repeatedly overshoots budget forecasts

    History of optimistic official outlooks fuels concern that Rachel Reeves will struggle to achieve goal of eliminating deficit

    Montage shows Westminster against a data backdrop
  • Wednesday, 28 May, 2025
    The FT ViewThe editorial board
    Britain needs to stop fiddling with fiscal policy

    Labour party’s approach to managing the public finances has been too haphazard

    Prime Minister Keir Starmer and Chancellor of the Exchequer, Rachel Reeves
  • Tuesday, 27 May, 2025
    UK government spending
    IMF gives Reeves political cover to ‘refine’ UK fiscal rules

    But fund warns that slim government headroom makes tax or spending measures necessary ‘if shocks arise’

    Rachel Reeves standing next to a union jack
  • Wednesday, 7 May, 2025
    UK government on course to breach its fiscal rules, says think-tank

    National Institute of Economic and Social Research says targets have become a drag on growth

    Chancellor Rachel Reeves
  • Wednesday, 23 April, 2025
    UK borrowing soars as business activity contracts at fastest rate for 2 years

    Overshoot of £15bn puts pressure on Rachel Reeves to raise taxes as PMI figures indicate falling private sector confidence

    City workers in the Square Mile financial district of the City of London
  • Wednesday, 2 April, 2025
    Chris Giles
    Britain’s fiscal framework is not fit for purpose

    There is nothing accountable or legitimate about unelected officials setting taxation and spending policy

    An imposing UK government building featuring classical pillars in the facade
  • Monday, 31 March, 2025
    Martin Wolf
    Fiscal tweaks won’t solve Britain’s growth problem

    The government must embark on a much more radical programme of structural reforms

    Britain’s chancellor of the exchequer Rachel Reeves speaking in the House of Commons
  • Thursday, 27 March, 2025
    Investors tell Rachel Reeves she has little fiscal room for error

    Chancellor criticised over decision to stick with £9.9bn of budgetary headroom

    Rachel Reeves walks in Downing Street
  • Thursday, 27 March, 2025
    UK economy
    Trump’s car tariffs pile pressure on Reeves’ new economic plan

    Office for Budget Responsibility warns a global trade war risks eliminating UK chancellor’s fiscal headroom

    Rachel Reeves is seen delivering her Spring Statement in the House of Commons
  • Wednesday, 26 March, 2025
    UK Spring Statement 2025
    Rachel Reeves’ Spring Statement — in charts

    UK chancellor sets out welfare cuts and departmental spending squeeze, but she may be forced to raise taxes in autumn

    A montage of pound coins and a backround of a bar chart
  • Wednesday, 26 March, 2025
    News in-depthUK Spring Statement 2025
    Weak productivity and Trump tariffs: the chancellor remains in perilous fiscal waters

    Official forecasts show how easily Reeves’ plan could run into trouble

    Montage shows Rachel Reeves against a data backdrop
  • Wednesday, 26 March, 2025
    The FT ViewThe editorial board
    The UK chancellor’s fiscal holding operation

    The government needs to make bold choices ahead of the autumn Budget

    Chancellor Rachel Reeves leaves No 11 Downing Street to deliver her Spring Statement.
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