All the updated news related to treasury

All the news related to treasury updated in real time

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Northern Ireland

Murphy pushes Treasury to release funds to deal with cost of living crisis

The chancellor needs to take immediate steps to address the cost of living crisis, Stormont’s Finance Minister has said. Conor Murphy was speaking after he joined with his Scottish and Welsh counterparts for the meeting with the Chief Secretary to ...

21 Mar 2022 at 17:25

Northern Ireland

Chancellor urged to cut VAT and duty on fuel by DUP leader

DUP leader Sir Jeffrey Donaldson has called on the Chancellor to cut VAT and excise duty on diesel and petrol to help families struggling with the cost-of-living crisis. Sir Jeffrey was joined by other party MPs as he delivered a letter to the ...

22 Mar 2022 at 12:55

Sunak warns against ‘irresponsible’ Government borrowing

Chancellor Rishi Sunak has said it would have been “irresponsible” for the Government to have borrowed more to raise benefits in the face of rising inflation. Appearing before the Commons Treasury Committee, Mr Sunak defended the choices he ...

28 Mar 2022 at 17:25

City

Cost-of-living support not targeting benefits claimants, OBR warns Chancellor

The poorest in society are less likely to enjoy the benefits announced in the spring statement last week because the support packages focused so heavily on those in work, according to the Government’s own economists. Officials from the ...

28 Mar 2022 at 16:55

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 ...

10 Apr 2022 at 01:25

Labour proposes tax cut for businesses in ’emergency’ support package

Labour has proposed a package of “emergency” measures – including an immediate tax cut – to help ease the burden of rising costs on businesses. The party claims that, under its plans, a typical small factory or workshop would ...

02 Apr 2022 at 23:25

Government unveils plans to let Britons pay with crypto money

The Government has moved closer to bringing crypto money into the mainstream as it unveiled plans that would allow so-called stablecoins to be used as payment in the UK. Stablecoins, a form of crypto that is pegged to normal ...

04 Apr 2022 at 17:25

Government pays out £62m to cover fraudulent loans, officials reveal

Banks have found that £850 million was borrowed by fraudsters from a Government-backed loan scheme that was launched during the pandemic. The British Business Bank said that while estimates of fraud range into the billions, ...

27 Apr 2022 at 17:55

UK faces recession before inflation can be controlled, MPs told

The UK will probably have to go through a “mild recession” if not worse before inflation comes back to a more manageable level, top economists have warned MPs. London School of Economics professor Charles Goodhart said ...

11 May 2022 at 18:25

MPs urge Government to set up body to tackle fraud

The head of an influential group of MPs has said the Government might have missed an opportunity by not bringing fraud investigations into one law enforcement agency. Mel Stride, who chairs the Treasury Select ...

28 Apr 2022 at 01:25

Chancellor looking at how to ‘abate energy costs’, says PM

Chancellor Rishi Sunak is gearing up to make an announcement on how the Government plans to “abate energy costs”, according to the Prime Minister, amid growing concerns about cost-of-living pressures. Boris ...

31 Jan 2022 at 12:25

City

MPs call for probe into leaking of ‘market-sensitive’ information before Budget

Politicians on an influential committee have accused the Government of leaking market-sensitive information in the run-up to the last Budget. MPs on the Treasury Select Committee criticised leaks of ...

27 Jan 2022 at 01:25

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