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Charlie Bean says OBR forecasts are ‘flaky’ and cautions against trying to hit targets five years awayThe former Bank of England deputy governor Charlie Bean has warned the chancellor against making kneejerk cuts in next week’s spring statement to try …
Chancellor tells financial, environmental and health watchdogs she wants to cut down on overlapping regulationRegulators will face twice-yearly performance reviews from ministers, aimed at forcing them to be more growth-friendly, as the chancellor warn…
Chancellor will meet regulators after calling for action to restrict their scope in bid to save businesses billionsRachel Reeves will meet UK regulators on Monday after calling for more action to restrict red tape and spur economic growth.The chancello…
Campaigners welcome decision saying Home Office acted unlawfullyDowning Street has declined to comment on claims that half the cabinet would like Rachel Reeves, the chancellor, to rethink the proposed cuts to disability benefits. (See 9.23am.)Asked abo…
GDP goes in wrong direction as chancellor puts final touches to fiscal plansUK economy shrinks unexpectedly in blow to ReevesBusiness live – latest updatesFor a government that has made growth its overriding mission, the 0.1% decline in GDP in January …
ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statementAnalysis: Shrinking economy an unhelpful backdrop for Reeves’s growth pushBusiness live – latest updatesThe UK economy contracted by 0.1% in Janu…
Some feel the party is moving away from the working class, but others argue ministers must show new Labour voters the system can workStarmer could face biggest rebellion over disability benefit freezeEver since ministers began to put the “moral case” f…
Districts in Birmingham now ranked below poorest areas of France, Slovenia and Malta as institute urges rethink on planned welfare cutsThe UK has tumbled down the league of affluent nations after almost a decade of welfare cuts and stagnant incomes, ac…
Commission for Healthier Working Lives warns against cutting benefits and calls for proactive route for 8m affectedProviding more support for people in ill health to stay in work could save the UK government more than £1bn, according to a report warnin…
Even Berlin and Brussels are bending fiscal rules in the face of Russia’s threat. Will the chancellor still stick to hers?As the Nobel laureate Robert Lucas quipped during the 2008 financial crisis: “I guess everyone is a Keynesian in a foxhole.” Donal…