‘Nothing off the table’: Public spending cuts to be ‘ruthless’, cabinet warned January 13, 2025 Public spending cuts are set to be “ruthless”, the Treasury has reportedly warned cabinet ministers. Departments will have to make “difficult” decisions on their budget priorities, according to an internal letter from No11 about the spending review, the Telegraph reported. While the Prime Minister’s official spokesman confirmed “there’s nothing off the table when it comes [...]
Mervyn King warns against government changing way it measures debt September 29, 2024 Mervyn King has warned Rachel Reeves against altering how the government defines its debt in the upcoming Budget, and called for the fiscal rules to be assessed by parliamentary term. Speaking in an interview on BBC Radio Four’s Broadcasting House, the former governor of the Bank of England said that the way the government polices [...]