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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…
Nobel-prizewinning economist calls for new top rate of income tax and 2-3% wealth tax on fortunesJoseph Stiglitz, the Nobel prize-winning Keynesian economist, has called for the super-rich to be subjected to taxes as high as 70% to help tackle widening…
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John Allan says it is needed to ensure UK economy recovers from cost of living crisisRishi Sunak must come up with a long-term growth plan to ensure the UK economy recovers from the cost of living crisis, the chair of Tesco has said.“The reality is man…
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Labour’s top team take advantage of Rishi Sunak’s absence from the World Economic ForumIt was blue versus red in Davos. Within minutes of the business secretary, Grant Shapps, regaling a CBI lunch at the swanky Belvedere hotel about his plans to “scale…
Treasury secretary says department will take ‘extraordinary measures’ to skirt default while also urging Congress to actThe US government has hit the ceiling on its debt, brushing up against its legal limit of $38.381tn and piling pressure on Congress …