3 w. ago Reeves braced for OBR forecasts to blow £20bn hole in tax and spending plans

Downgrades by Treasury watchdog could force chancellor to raise taxes or cut spending at budget to meet fiscal rulesRachel Reeves is braced for revised forecasts by the Office for Budget Responsibility (OBR) to blow a £20bn hole in her tax and spending plans before the autumn budget.Even without changing the totals the chancellor set out in her spending review on Wednesday, a weaker forecast from the the Treasury’s independent watchdog could force her to find significantly more money at the budget to meet her “non-negotiable” fiscal rules. Continue reading...

Economics

3 w. ago Voices: UK aid cuts are even harsher than they first appeared. And the scale is horrifying

Many of us hoped the worst damage could be avoided, writes Sarah Champion, chair of the International Development Select Committee – but the spending review has dashed that

Politics

3 w. ago Rachel Reeves unveils 3% NHS spending boost but cuts other budgets

Home Office and Foreign Office among Whitehall departments facing squeeze in chancellor’s spending review

Economics

3 w. ago Rachel Reeves increases NHS spending by 3 per cent but cuts other budgets

Chancellor launches borrowing-fuelled increase for health but squeezes many departments

Economics

3 w. ago UK government boosts NHS spending by 3% but cuts other budgets

Chancellor Rachel Reeves squeezes many departments in long-awaited Labour plan

Politics

3 w. ago Minister refuses to rule out cuts to police and housing budgets in spending review

As the Treasury continues to lock horns with Angela Rayner and Yvette Cooper over housing and police force budgets, Cabinet minister Peter Kyle sends a strong signal of the government’s intent

Politics