All the updated news related to fiscal rules

All the news related to fiscal rules updated in real time

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No tax hike ‘on payslips’, minister insists amid confusion over ‘working people’

No tax hike on payslips, vows minister amid confusion over ‘working people’

Working people will not see higher taxes “on their payslip”, a minister said as she acknowledged frustrations over the Government’s refusal to spell out who will be hit by greater levies ahead of the Budget. Education Secretary Bridget Phillipson ...

27 Oct 2024 at 15:25

City

Reeves faces pressure to balance the books as borrowing costs rise

Rachel Reeves faces further pressure to balance the books as the UK’s borrowing costs hit their highest level since the 2008 financial crisis. The Chancellor is said to be prepared to impose more severe spending cuts on departments if necessary, ...

10 Jan 2025 at 00:01

City

Chancellor facing tough questions over fiscal rules as market woes deepen

The pound has remained under pressure amid an intensifying sell-off in government bonds as Chancellor Rachel Reeves faces mounting questions over her fiscal rules. Sterling fell another 0.5% to 1.214 US dollars on Monday, having last week hit ...

13 Jan 2025 at 12:20

Reeves says fiscal rules ‘non-negotiable’ during bid to boost ties with China

Rachel Reeves vowed to stand by her “non-negotiable” fiscal rules, as her mission to China was overshadowed by further turbulence in the gilt markets. Visiting bicycle-maker Brompton’s flagship Beijing store on Saturday, the Chancellor ...

11 Jan 2025 at 13:34

City

Business chiefs’ pessimism adds to pressure on Rachel Reeves

Rachel Reeves starts the week facing further pressure after a gloomy warning from some of Britain’s top executives. A survey of UK chief financial officers (CFOs) by consultancy Deloitte found a net 26% felt more pessimistic about ...

13 Jan 2025 at 09:22

City

Chancellor warned ‘tax rises needed to fill £51bn black hole in public finances’

Chancellor Rachel Reeves will likely have to raise taxes as part of “substantial” action needed at the autumn budget to plug a £51 billion black hole in the public finances, a major economic think tank has warned. The National ...

06 Aug 2025 at 09:44

City

Chancellor ‘must raise taxes to help plug £40bn-plus gap to meet fiscal rule’

The Chancellor must resort to “moderate but sustained” tax rises to help repair Britain’s battered public finances as she faces missing one of her fiscal rules by more than £40 billion, an economic think tank has warned. The ...

06 Aug 2025 at 00:01

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