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IFS says if Holyrood’s health and climate policies remain in place other public spending will also sufferThe Scottish government could be forced to reconsider spending pledges to provide free university places and free personal care for older people in…
Andy Haldane says starting mortgage rate rises sooner would have nipped inflation in the budThe former chief economist of the Bank of England has warned there is “more pain to come” for households and the wider economy as mortgage rate increases hit pe…
Appetite for organic food continues from Covid boom but firm warns inflation and rising costs are eating into profitsThe organic vegetable box company Riverford doubled its dividend to its founder, Guy Singh-Watson, to £850,000 last year and tripled it…
OBR tells Jeremy Hunt he will have £9bn less income to factor in amid falling tax receiptsAnalysis: big budget giveaways look unlikelyEnergy support sets UK government borrowing recordThe government’s economic forecaster has cut its prediction for UK g…
High energy prices, rising interest rates and falling demand point to risk of recession, say analystsBusiness activity contracted at its fastest pace in two years in December as the high cost of living restricted household spending and companies cut in…
Chancellor likely to tread cautiously after record December budget deficitBudget day on 15 March is less than two months away and if ever there was a government in need of a feelgood event then this is it. Unfortunately for Rishi Sunak, the state of th…
Spending exceeds receipts by £27.4bn, as higher interest payments also contribute to deficitGovernment payments to soften the impact of rocketing energy bills helped send UK public borrowing soaring to more than £27bn last month – the highest figure fo…
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Tony Danker’s ‘major’ speech on Monday likely to be viewed as rebuke of No 10 and Treasury policyThe head of the UK’s leading business organisation is to call for Rishi Sunak to show more ambition on the economy, warning that the country risks being le…
Exclusive: Forecasts predict exports will fall to £707bn next year and target will not be reached until 2035Ministers have been accused of leaving a “record of failure and broken promises” as internal forecasts show Britain will be 15 years late in ach…