IFS: Reeves tweaking debt rule won’t change fiscal fundamentals Economics The Chancellor has inherited a very difficult fiscal position, with many public services in need of funding boosts while both the tax burden and national debt stand at their highest level for many decades.
England ‘particularly bad’ at building houses where they are needed, research shows Economics Nationwide the total number of properties grew 21 per cent between 1996 and 2021, according to the Institute for Fiscal Studies (IFS).
Rachel Reeves set to reveal £20bn funding shortfall – but is it a surprise? Economics Chancellor Rachel Reeves is expected to announce a roughly £20bn hole in the public finances on Monday when she reveals the results of a spending audit undertaken by Treasury officials over the past few weeks.
Public sector pay rises could cost up to £10bn, economist warns July 20, 2024 Independent pay review bodies are reported to be preparing to recommend such an increase for teachers and around 1.3m NHS staff, according to The Times.
IFS: Labour and Conservative manifestos ‘singularly fail’ to address fiscal challenges June 24, 2024 The IFS called attention - yet again - to the fiscal 'trilemma' which will face the next government.
UK tech firm agrees £571m deal to buy Canadian software company Copperleaf June 11, 2024 A UK tech firm has snapped up Canadian software company Copperleaf in a deal that values the company at CA$1bn (£571m).
Labour faces £33bn blackhole if it maintains state spending, research suggests June 4, 2024 Maintaining per person funding in unprotected departments would leave the next government facing a £33bn blackhole, research suggests.
General Election 2024: Why Sunak’s ‘triple lock plus’ pledge is not all as it seems May 28, 2024 Sunak's announcement will guarantee that pensioners’ personal allowance will always be higher than the level of the new state pension.
The Notebook: For the UK’s poorest, things are only getting worse – just look at the numbers April 30, 2024 Ian Whittaker takes the Notebook pen to write about inflation, the US's Tiktok ban, and a little bit of life advice.
Inheritance tax hits new record of £7.5bn as debate over reform swirls April 23, 2024 Like many other taxes, the government has frozen the thresholds at which inheritance tax applies, meaning more estates have been pulled into its orbit as asset prices have increased.