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Treasury

  • ‘It’s not uncommon’: Minister defends £15,000 taxpayer payout to settle Donelan libel claim

    March 6, 2024

    A minister has defended a £15,000 payout of taxpayer money to settle a libel case after tech secretary Michelle Donelan falsely accused two academics of "sharing extremist views" and one of supporting Hamas.

  • Spring Budget 2024: Hunt doesn’t rule out May election after £10bn tax cut

    March 6, 2024

    Jeremy Hunt has announced the rate of National Insurance (NI) will be cut by two per cent in the Spring Budget as the government gears up for a rocky general election.

  • Spring Budget 2024: Why the OBR forecasts should be taken with a side of salt

    March 6, 2024

    These are just forecasts. They will be wrong. This isn't a criticism of the OBR. Forecasting the performance of a £3.3trn economy over five years is just quite hard.

  • Spring Budget 2024: OBR upgrades UK growth forecasts on lower inflation and growing population

    March 6, 2024

    The OBR is markedly more optimistic than the Bank of England and has upgraded next year's prospects are better than expected

  • Spring Budget 2024: Hunt cuts National Insurance by 2p – What does it mean for you?

    March 6, 2024

    The move follows a reduction of the same amount in the Autumn Statement, meaning the basic rate will move down to eight per cent starting from April.

  • Spring Budget 2024: Will Jeremy Hunt focus more on the economy or the election?

    March 5, 2024

    Chancellor Jeremy Hunt is being forced to fight political and economic battles in this Spring Budget, which isn't an easy task.

  • Spring Budget 2024: Hunt to extend Covid recovery loans by two years

    March 5, 2024

    The government will reportedly extend a Covid recovery loan programme by two years in a boon to Britain’s small businesses.

  • Spring Budget 2024: Six things to look out for

    March 5, 2024

    One thing is certain in the Spring Budget: Hunt will cut taxes. We do not know exactly what taxes he will cut or by how much, but with the Conservatives trailing Labour by as much as 20 percentage points, tax cuts are guaranteed.

  • Hunt’s misguided fiscal rules risk holding back UK growth

    March 5, 2024

    With the Spring Budget fast approaching, the Chancellor is engaging in a dizzying array of financial gymnastics to meet his fiscal rules. 

  • Treasury has no way of recording value for money on borrowing, MPs find

    March 5, 2024

    Government borrowing has ballooned since the early 2000s as a result of a succession of crises, rising from around £300bn in 2003 to as much as £2.5trn last year.

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