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Whitehall inquiry ordered into leak of Chancellor’s wife’s tax status

A Whitehall leak inquiry has been launched in an attempt to find out who passed details of Chancellor Rishi Sunak’s wife’s tax status to the media. Akshata Murty dramatically announced on Friday that she would pay UK taxes on her worldwide income ...

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

City

Chancellor cuts red tape and axes EU rules in UK banking overhaul

The Government has launched a raft of major reforms to the financial sector to replace EU regulation and cut red tape. Chancellor Jeremy Hunt said the so-called “Edinburgh Reforms” will seize on “Brexit freedoms” to overhaul banking rules, ...

09 Dec 2022 at 09:46

Key questions answered on inheritance tax changes as farmers take to the streets

Farmers are taking to the streets on Tuesday amid a furious backlash on changes to inheritance tax for farmers. Here are answers to some of the key questions. – What are the changes? Previously, farming businesses qualified for 100% ...

19 Nov 2024 at 00:01

Row over changes to farming inheritance tax: key questions answered

Farmers are taking to the streets this week amid a furious backlash on changes to inheritance tax for farmers. Here are answers to some of the key questions. – What are the changes? Previously, farming businesses qualified for 100% ...

18 Nov 2024 at 16:26

Weak public investment an ‘institutional failure of the British state’ – report

A long-running cycle of weak public investment represents an “institutional failure of the British state” which has undermined economic growth and key services, according to a leading think tank. The Resolution Foundation has ...

30 Mar 2023 at 00:01

‘Near-automatic sign off’ – Hunt pledges £10m to speed up access to new drugs

New drugs could get “near automatic” sign off for use in the UK under plans to enter new partnerships with other international drugs regulators. Chancellor Jeremy Hunt announced that £10 million is to be given to the UK ...

15 Mar 2023 at 18:46

Chancellor warns of ‘tough road ahead’ as UK teeters on brink of recession

Jeremy Hunt has warned he will be making “eye-watering” decisions after the economy shrank in what is feared to be the beginning of the longest recession on record. The Chancellor warned on Friday of a “tough road ...

11 Nov 2022 at 10:38

Ex-cybersecurity boss joins red benches to become investment minister

The former boss of cybersecurity firm Darktrace has taken her seat in the House of Lords, enabling her to become investment minister in Sir Keir Starmer’s Government. The appointment of Baroness Poppy Gustafsson ...

18 Nov 2024 at 15:34

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

Treasury insider is the new top official in the department

A Treasury insider with more than 20 years’ experience in the department has been appointed as the new permanent secretary, the Cabinet Office has announced. James Bowler returns from the Department for ...

10 Oct 2022 at 16:20

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