All the updated news related to government spending

All the news related to government spending updated in real time

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Scotland

Libraries ‘lost out on more than £250m’ in last decade, new analysis shows

Scottish Labour has accused the SNP of “gutting local communities” after new analysis revealed cuts to local government have led to libraries losing out on more than £250 million in the last decade. The party has cited figures from the Improvement ...

10 Apr 2022 at 01:25

Government borrowing strikes £20bn after September record debt interest

Government borrowing swelled to £20 billion in September amid a surge in debt interest due to inflation, according to official figures. The Office for National Statistics (ONS) said the reading for borrowing, excluding state-owned banks, marked ...

21 Oct 2022 at 08:31

Political instability sees UK economic outlook downgraded by ratings agency

The UK’s economic outlook has been downgraded from “stable” to “negative” by the ratings agency Moody’s due to political instability and high inflation. In a report published on Friday night, Moody’s said the change in outlook was driven by ...

22 Oct 2022 at 08:03

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 ...

27 Oct 2024 at 15:25

Scotland

Greater transparency needed on Holyrood’s Covid response spending – report

The Scottish Government should evaluate whether its Covid-19 spending delivered the desired outcomes and allow for greater scrutiny on its decisions, according to Audit Scotland. A new report by the independent body, released on ...

16 Jun 2022 at 01:01

Badenoch wants to replicate US-style government cost-cutting, spokesman suggests

Kemi Badenoch wants to see a British version of the soon-to-be set up US department of government efficiency, her spokesman has indicated. Businessman Elon Musk is expected to lead a cost-cutting drive when President-elect ...

18 Dec 2024 at 16:00

Nicola Sturgeon defends Scottish Government spending on airport services

Former Scottish first minister Nicola Sturgeon has defended the use of public money on airport upgrades, saying spending on this was “probably less” than one flight by Prime Minister Rishi Sunak in a private jet. She was ...

10 Aug 2023 at 16:10

‘Significant’ amount of Government’s borrowing ability used, report finds

The Scottish Government has used a “significant” amount of its ability to borrow money, which may constrain the choices of future governments, economists have said. The Fraser of Allander Institute (FAI) said the fiscal ...

15 Dec 2023 at 00:01

Reeves sympathetic towards ‘mess’ ministers face ahead of Budget

Chancellor Rachel Reeves has said she is “sympathetic towards the mess” her Cabinet colleagues have faced, after it was reported that Sir Keir Starmer was facing backlash from his ministers over cuts that could come at ...

23 Oct 2024 at 07:44

S&P and Moody’s warn of fresh constraints to public finances after Budget

Ratings agencies S&P and Moody’s have warned about fresh limitations facing the UK’s public finances after Labour announced plans to borrow more at its autumn Budget. S&P said it views the UK’s fiscal position as ...

01 Nov 2024 at 10:43

Chancellor to do ‘whatever necessary’ to bring down debt as borrowing swells

The Chancellor has vowed to do “whatever necessary” to drag Government debt lower after official figures revealed that borrowing swelled to £20 billion in September. The Office for National Statistics (ONS) ...

21 Oct 2022 at 11:49

Ministers warned of cuts as ‘every pound’ of spending to face review

Cabinet ministers have been warned they must find more savings in their departments as the Chancellor said “every pound” of Government spending will be scrutinised in a major budget review. Secretaries of ...

10 Dec 2024 at 10:35

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