public finance

Worsening public finances give next PM a sharp 'reality check'

Worsening public finances give next PM a sharp 'reality check'

Highest June deficit for four years shows economic slowdown is feeding throughPledges by Boris Johnson and Jeremy Hunt to cut taxes and increase spending have come just as the UK’s public finances
Police officers’ mental health ‘being harmed by budget cuts’

Police officers’ mental health ‘being harmed by budget cuts’

Warning follows resignation of UK’s top arresting officer after breakdown A deputy chief constable has warned that budget cuts are harming the mental health of frontline police after one of her
How has Brexit vote affected the UK economy? June verdict

How has Brexit vote affected the UK economy? June verdict

Each month we look at key indicators to see what effect the Brexit process has had on growth, prosperity and tradeRising risk of no-deal Brexit slows UK growth as pound slides Continue reading...
Boris Johnson’s tax cut would benefit richest 10% most, say experts

Boris Johnson’s tax cut would benefit richest 10% most, say experts

Plan would cost £9bn and endanger promise to end austerity, according to IFS Britain’s foremost tax and spending thinktank has said that Boris Johnson’s promise to cut taxes for millions of higher
Council staff pensions at risk from Woodford investments

Council staff pensions at risk from Woodford investments

Three council pension funds have put in up to £10m in sister fund hit by suspension of flagship schemeCouncil workers have been left exposed to the underperformance of Neil Woodford’s stock
Peterborough prepares for byelection that could see first Brexit party MP

Peterborough prepares for byelection that could see first Brexit party MP

A decade ago it was the UK’s fastest growing city, but hit by cuts and buy-to-let, support for Nigel Farage’s party is highOn Thursday, voters in Peterborough will take part in one of the most
More than 100 NHS trusts have a worse gender pay gap than a year ago | Anna Bawden and Pamela Duncan

More than 100 NHS trusts have a worse gender pay gap than a year ago | Anna Bawden and Pamela Duncan

The latest data for the public sector and charities shows that women are still faring badly. Health trusts have the most to doOne year since the first gender pay gap figures were published, women
Bank of England leaves interest rates on hold as UK braces for no-deal Brexit - as it happened

Bank of England leaves interest rates on hold as UK braces for no-deal Brexit - as it happened

Bank’s Monetary Policy Committee maintains borrowing costs, and warns that further cliff-edge Brexit deadlines could hurt economyLatest: UK interest rates on hold80% of firms ready for
Heritage blighted by a decade of austerity | Letters

Heritage blighted by a decade of austerity | Letters

Funding cuts are forcing impossible choices on our local authorities, say Dr Ellen McAdam and Dr Frank ComptonYour coverage of the staff restructuring by Leicester museums in response to funding cuts
Self-interest must not guide UK aid | Letters

Self-interest must not guide UK aid | Letters

Britain’s aid budget must be about altruism, not narrow self-interest say the Rt Rev John Arnold and the Rt Rev Dr Christopher Cocksworth Your article (Aid budget: Ex-minister joins calls for
UK Muslim leaders  seek funding for mosque security

UK Muslim leaders seek funding for mosque security

Christchurch attack prompts call for government support equal to that pledged for Jewish communities Muslim leaders have called on the government to provide funding for mosque security in the wake of
Curator cuts at Leicester museums criticised as 'disastrous'

Curator cuts at Leicester museums criticised as 'disastrous'

Heritage groups condemn plan to replace specialists with cheaper ‘engagement team’Museum leaders and heritage organisations have condemned a cost-cutting proposal to scrap all four of the curators at
Hammond promises Brexit dividend in spring statement

Hammond promises Brexit dividend in spring statement

OBR says lower borrowing has swelled chancellor’s five-year war chest to £26.6bn Philip Hammond promised a Brexit dividend to boost spending on public investment and services after forecasts of lower
Public services desperately need investment. But Brexit is all-consuming | Patrick Butler

Public services desperately need investment. But Brexit is all-consuming | Patrick Butler

Philip Hammond may announce today that austerity will soon be over, but then what? It was the Tories’ one clear strategyThe £20bn public services bung reportedly dangled before MPs by the chancellor
The pointless pain caused by austerity | Letters

The pointless pain caused by austerity | Letters

Readers condemn the massive budget surplus which has been achieved through stringent cuts to public servicesThe severe cuts to children’s services since 2010 reported by the five major children’s
The looming $78 trillion pension crisis

The looming $78 trillion pension crisis

Paying retirees could have a major impact on government budgets around the world.
Hammond will keep his powder dry over pre-Brexit windfall | Larry Elliott

Hammond will keep his powder dry over pre-Brexit windfall | Larry Elliott

The chancellor will adopt a wait-and-see approach to talks before allocating his surplus fundsThe largest January budget surplus on record smashed City expectations and was a real surprise given the
UK public finances hit record surplus to give Hammond pre-Brexit boost

UK public finances hit record surplus to give Hammond pre-Brexit boost

Figure of £14.9bn is biggest January surplus since records began in 1993Britain has recorded the biggest-ever monthly surplus in public finances since the early 1990s, putting the government on a
UK cities have been clobbered by austerity. They need a champion | Richard Vize

UK cities have been clobbered by austerity. They need a champion | Richard Vize

As Brexit barrels on, politicians must stop blustering about trade and work on policy priorities such as education and transport This week’s report spelling out the calamitous impact of austerity on
MoD accused of 'poor financial planning' over £7bn kit blackhole

MoD accused of 'poor financial planning' over £7bn kit blackhole

Public spending watchdog says armed forces’ equipment plan is incoherent and lacks credibilityThe Ministry of Defence has a funding blackhole of at least £7bn in plans for equipment for the armed