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

Scotland

Tough decisions on ‘taxing and axing’ ahead of spending review, IFS says

The Scottish Government’s spending review will face “tough decisions” between “axing, taxing or hoping for extra funding”, the Institute for Fiscal Studies (IFS) has warned. The Scottish Resource Spending Review report by IFS economists said the ...

27 May 2022 at 18:24

‘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 situation is likely to ...

15 Dec 2023 at 00:01

Scotland

Views wanted on how Scottish Budget can address cost-of-living crisis

The public are being asked for views on how the Scottish Government should respond to the cost-of-living crisis in next year’s Budget. Members of the Scottish Parliament’s Finance and Public Administration Committee have launched an inquiry ...

24 Jun 2022 at 01:01

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 Thursday, ...

16 Jun 2022 at 01:01

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 speaking after ...

10 Aug 2023 at 16:10

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 ...

22 Oct 2022 at 08:03

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) reported that a jump ...

21 Oct 2022 at 11:49

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 ...

21 Oct 2022 at 08:31

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

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 State ...

10 Dec 2024 at 10:35

Reeves to take ‘iron fist’ to waste as departments challenged to find 5% savings

Whitehall departments will have to find savings of 5% as Rachel Reeves promised to use an “iron fist” to squeeze government waste. The Chancellor and Treasury Chief Secretary Darren Jones have begun work on a ...

10 Dec 2024 at 10:50

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