Category : Search result: public sector borrowing


Reeves: No Money for Public Sector Pay Rises

Chancellor Rachel Reeves declares no money for public sector pay rises in upcoming budget, setting stage for potential confrontation with unions as she blames previous Tory government for empty coffers.

NSW official hid in cupboard during corruption probe

Shocking revelations emerge as a senior NSW government official admits to concealing themselves in a cupboard during a corruption investigation into alleged multi-million dollar kickbacks, exposing serious misconduct within the public sector.

France paralysed by mass strikes over economic reforms

France faces widespread disruption as transport, education and public services grind to a halt amid union-led protests against the new prime minister's economic agenda, testing President Macron's government.

Qld police helicopter pilot's £183k salary revealed

A senior Queensland police helicopter pilot's staggering £183,000 annual salary has ignited controversy, raising questions about public sector spending and transparency in aviation operations.

Rachel Reeves's Economic Wonderland: Fantasy Over Reality?

Chancellor Rachel Reeves faces mounting criticism as her economic policies draw alarming parallels to fantasy over reality. Experts question the sustainability of her borrowing plans and warn of serious consequences for Britain's economy.

Private sector jobs surge past pre-pandemic peak

Exclusive analysis of ONS figures shows a dramatic jobs market reversal, with private sector employment hitting a record high as the public sector workforce contracts for the ninth consecutive quarter.

UK Borrowing Hits £37.6bn, Exceeding Forecasts

Chancellor Rachel Reeves faces a stern fiscal test as UK public sector borrowing hits £37.6bn for the first five months of the financial year, exceeding official forecasts and complicating Labour's spending ambitions.

UK Borrowing Rises as Consumer Confidence Slumps

New ONS data reveals a sharp rise in UK public sector borrowing alongside falling consumer confidence, creating a challenging backdrop for Chancellor Rachel Reeves's upcoming autumn budget.

Bank of England holds interest rates at 5.25%

The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates. Governor Andrew Bailey warns of persistent inflationary pressures despite economic slowdown.

Bank of England Holds Interest Rates at 5.25%

The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates as inflation shows signs of easing, though Governor Andrew Bailey remains cautious about future cuts.

Hunt's Pre-Election Budget Walks Fiscal Tightrope

Exclusive analysis: Chancellor Jeremy Hunt prepares a pivotal pre-election Budget, walking a tightrope between voter-friendly tax cuts and fiscal responsibility as the UK economy sends mixed signals.

Teacher on 16-year sick leave with £48k salary

A secondary school teacher has remained on full sick pay for 16 years without returning to the classroom, costing taxpayers over £1 million and igniting a fierce debate on public sector sick leave reform.

Bank of England Holds Interest Rates at 5.25%

The Bank of England's Monetary Policy Committee votes 7-2 to maintain the base rate at a 16-year high of 5.25%, offering a cautious reprieve for borrowers while continuing its fight against persistent inflation.

MPs Poised for Inflation-Busting £7,000 Pay Rise

British MPs are in line for a significant £7,000 pay increase, lifting their salaries to over £91,000, as recommended by the independent watchdog IPSA. This inflation-linked rise comes amidst a backdrop of sluggish wage growth and widespread industrial di

Badenoch's Leadership Reality Check Begins

As the new Prime Minister, Kemi Badenoch faces a harsh political awakening. Inheriting a legacy of economic turmoil and party division, her premiership is already being tested by the cold realities of power, soaring borrowing costs, and a restless party.

UK Economic Crisis as Borrowing Costs Soar to 10-Year High

Britain faces a severe economic storm as government borrowing costs hit alarming highs, sparking fears of a fiscal crisis. Chancellor Rachel Reeves confronts mounting pressure amid market turmoil and Labour's internal reshuffle.

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