7 d. ago Illinois law generates $1.5B to save public transit from fiscal calamity

Public transit in the Chicago metropolitan area will get a $1.5 billion infusion to save it from financial disaster under a law that will take effect next summer

Politics

2 w. ago Reeves will not face ministerial standards probe over Budget briefings

Nigel Farage had called for an investigation into whether the Chancellor mispresented the state of the public finances ahead of her fiscal statement.

Politics

3 w. ago OBR board member says Reeves did not mislead public on Budget

UK chancellor’s fiscal warnings backed by David Miles a day after economic watchdog’s chair resigns

Politics

3 w. ago OBR board member says Reeves did not mislead public on fiscal challenges

David Miles says watchdog’s letter aimed to ‘set the record straight’ after ‘persistent leaks’ to the media

Politics

3 w. ago OBR says Reeves did not mislead public over Budget forecasts

Fiscal watchdog faces Treasury committee after accidental publication of key report prompted chair to resign

Politics

3 w. ago The most misleading thing about Rachel Reeves’s budget? Who it was really for | Aditya Chakrabortty

Labour backbenchers have been cheering it as a win for the most vulnerable in socety. In fact it was aimed at the bond marketsThe charge is a grave one: that Rachel Reeves has just lied to Britons, spooking them into paying billions in extra taxes that she can splash out on higher benefits. However hyperbolic, this isn’t the usual Westminster sparring; this time, someone might get hurt. A week ago, critics of Reeves and Keir Starmer were, rightly, calling their budget “chaotic”. Today, it’s denounced as lies, and Kemi Badenoch is demanding the chancellor quit. It’s an accusation that demands straightforward answers, so let me give mine. Did the chancellor tell lies? On the available evidence, no. There were no whoppers, no falsehoods, no porkies. But despite Starmer’s comments yesterday, that doesn’t mean there’s nothing to see here and we can all move along. Reeves did mislead the public about the factors shaping her decisions. Was it all to funnel cash to “benefits street”, as the...

Politics

3 w. ago We didn't mislead anyone, claims Starmer as he desperately defends Reeves's Budget lies... and she now admits Cabinet WASN'T shown true OBR figures

Keir Starmer is holding a press conference defending the Budget and begging Labour MPs to stick with his 'long term plan' amid recriminations at Rachel Reeves.

Politics

4 w. ago Treasury 'pressures banks to praise Budget' as desperate Rachel Reeves tries to save herself

The Chancellor's officials are reported to want lenders to make public and prominent endorsements of Ms Reeves' latest fiscal package when she unveils it tomorrow.

Economics