Thames Water default: What’s next for the company now it can’t officially pay its debts? April 5, 2024 Is Thames Water edging closer to a Bulb-style government bailout?
Treasury urged to reform tax system in bid to boost US-style philanthropy April 4, 2024 According to the Financial Times, Frazier is pushing the Treasury to move the tax regime towards a more US-style system.
Post Office scandal: Leaked recordings reveal bosses knew Fujitsu meddled with postmaster Horizon accounts April 4, 2024 Forensic accountants discovered direct instructions from the Post Office to Fujitsu, instructing the alteration of sub-postmaster accounts.
Letter to the editor: Interest rates, the long and the short of it April 4, 2024 While short-term interest rates make news, many overlook long-term rates, which are reaching levels not seen in over a decade.
UK economy: Disposable income climbs despite recession March 28, 2024 Despite a rise in disposable income, household expenditure actually fell as people replenished their savings accounts and paid down debt.
Government borrows more than expected in February, but on track for lowest annual total in four years March 21, 2024 The borrowing figures are the first since Jeremy Hunt's Spring Budget, in which he cut National Insurance by a further 2p.
Hunt doubles down on ‘long term ambition’ to abolish National Insurance March 13, 2024 Jeremy Hunt today doubled down on his "long term ambition" to abolish employee National Insurance, but economists were doubtful that the measure will ever be implemented.
Gilts: Investors aren’t scared of UK’s ballooning deficit – yet March 13, 2024 Surging demand for UK gilts comes even as the Treasury announced plans in the Spring Budget to borrow more than ever from the private sector.
Spring Budget 2024: Six things to look out for March 5, 2024 One thing is certain in the Spring Budget: Hunt will cut taxes. We do not know exactly what taxes he will cut or by how much, but with the Conservatives trailing Labour by as much as 20 percentage points, tax cuts are guaranteed.
Treasury has no way of recording value for money on borrowing, MPs find March 5, 2024 Government borrowing has ballooned since the early 2000s as a result of a succession of crises, rising from around £300bn in 2003 to as much as £2.5trn last year.