Overshoot of £15bn puts pressure on Rachel Reeves to raise taxes as PMI figures indicate falling private sector confidence ...

Grant Fitzner, the ONS’s chief economist, said: “Our initial estimates suggest public sector borrowing rose almost £21 ...

The latest figures from the Office for National Statistics show public sector net borrowing rose to £151.9 billion in the ...

The Bank of England could cut interest rates three more times this year despite the UK grappling with higher-than-expected ...

A bigger than expected borrowing binge last year - coupled with a tariff-fuelled downturn - could force the Chancellor to ...

It devotes disproportionate time and resources to work on climate change, gender, and social issues,” Bessent said.

The borrowing figure for the last financial year comes in far higher than the Office for Budget Responsibility had expected ...

Britain's economic growth forecast for 2025 received the sharpest downgrade of any major European economy from the ...

Rachel Reeves is facing a tax nightmare as her attempts to plug gaps in the UK finances face huge strains. The Chancellor is ...

Chancellor Rachel Reeves to review the UK’s low-value import tax loophole, targeting cheap goods from China and aiming to ...

The bosses of four of Britain’s biggest banks are secretly urging the chancellor to ditch the most significant regulatory ...

Grant Fitzner, the ONS’s chief economist ... it said domestic issues also motivated the decision to cut its UK forecasts. A Treasury spokesman said: “Our tax system is fair and progressive ...