Budget deficit

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Drop in UK growth forecast limits chancellor’s budget wriggle room
OBR tells Jeremy Hunt he will have £9bn less income to factor amid falling tax receiptstax receipts

Phillip Inman

25, Jan, 2023 @12:42 PM

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Five charts that show the UK’s economic prospects in 2023
Inflation, faltering GDP and rising unemployment are all on the cards for the country this year

Richard Partington Economics correspondent

29, Dec, 2022 @1:03 PM

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In 2022 Liz Truss tried to bin economic orthodoxy – but what is it?
Rishi Sunak soon rowed back from his predecessor’s chaotic experiment, reasserting the seven pillars of UK Treasury wisdom

Larry Elliott Economics editor

27, Dec, 2022 @3:00 PM

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The Guardian view on tax rises: a necessary change | Editorial
Editorial: No one likes having to pay more, but hard times and Jeremy Hunt’s autumn statement have put the issue at the centre of politics

Editorial

18, Nov, 2022 @6:07 PM

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Jeremy Hunt says he has not ‘ducked difficult decisions’ as OBR says living standards growth wiped out – as it happened
Chancellor denies postponing financial pain as fiscal watchdog’s figures show eight years of income growth wiped out

Harry Taylor (now); Andrew Sparrow and Graeme Wearden (earlier)

17, Nov, 2022 @8:45 PM

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Worst fall in UK living standards since records began, says OBR
Spending watchdog says Britain is in recession and unemployment will rise by 500,000

Anna Isaac

17, Nov, 2022 @2:20 PM

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Five charts that will shape the UK’s autumn statement
Plans are afoot to cut government borrowing with the economy on the brink of recession and the highest inflation for decades

Richard Partington Economics correspondent

17, Nov, 2022 @6:00 AM

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Jeremy Hunt’s austerity budget: necessity or political choice?
The chancellor insists Britain has to ‘live within its means’ – but many economists say painful cuts are neither inevitable nor proven to work

Heather Stewart and Larry Elliott

15, Nov, 2022 @6:00 AM

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Is austerity the only way for Jeremy Hunt to reassure the markets?
Many investors believe taking money from the rich and giving it to the poor would be ‘fine’ with the bond market

Anna Isaac City editor

14, Nov, 2022 @6:00 AM

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HS2 could face review as Tories look to plug budget, says Michael Gove
Liz Truss’s investment zones also suggested as likely savings target, amid reports energy windfall tax will be extended

Sarah Butler

30, Oct, 2022 @5:10 PM

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Cost of living crisis: Stop the Squeeze calls for wealthiest to ‘pay proper share’ of tax
Coalition of 40-plus charities and groups launches amid fears of spending cuts to plug public finances

Richard Partington Economics correspondent

27, Oct, 2022 @5:01 AM

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Bank of England left in the dark ahead of new interest rate decision
With fiscal statement deferred and mixed government messaging on tax and spending the BoE has little to go on

Phillip Inman

26, Oct, 2022 @2:09 PM

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