UK Borrowing Costs Soar, Pressuring Reeves' Budget
Chancellor Rachel Reeves faces a major economic challenge as UK government borrowing costs hit a high, threatening her Budget plans and putting public finances under intense scrutiny.
Category : Search result: public sector borrowing
SNP's £150k 'Work From Home' Fat-Cat Sparks Fury
Exclusive: A senior Scottish Government official is under fire for a £150,000 salary and a generous hybrid working arrangement, sparking accusations of hypocrisy and 'fat-cat' culture within the SNP administration.
Reeves' "Healey Moment" as UK Faces £22bn Budget Crisis
Chancellor Rachel Reeves confronts an economic firestorm, drawing stark parallels to Denis Healey's 1976 IMF crisis. With soaring borrowing costs and a £22bn budget black hole, the UK faces its gravest fiscal challenge in half a century.
UK Gov Mandates Immediate Data Breach Reporting for Ministers
Exclusive: The UK government unveils stringent new data breach protocols for ministers and officials, mandating immediate reporting and transparency in a major cybersecurity overhaul.
Government raids NHS budget to cover strike costs
Exclusive: Ministers face backlash after diverting £1.1 billion from NHS England's capital budget to cover public sector pay deals, risking long-term health service modernisation.
UK's 'Moron Premium': Borrowing Costs Hit 27-Year High
Britain's borrowing costs have surged to levels not seen since 1997, with markets imposing a 'moron premium' following Chancellor Rachel Reeves' controversial fiscal plans. The gilt yield spike signals deep market anxiety over the UK's economic direction.
UK Government Borrowing Hits 26-Year High
Chancellor Rachel Reeves faces a stern economic test as public sector net borrowing hits £27.6bn, the highest since 1999. Rising debt interest payments and welfare costs drive the surge, complicating Labour's fiscal plans.
UK Borrowing Costs Hit 27-Year High Amid Reeves Scrutiny
Chancellor Rachel Reeves faces intense scrutiny after UK government borrowing costs surge to levels not seen since 1997, raising fears about Labour's spending plans and economic stability.
UK GDP grows 0.4% in Q2 2024
The UK economy expanded by 0.4% in the second quarter of 2024, marking a modest recovery after earlier stagnation. Key sectors like services and production drove growth, though challenges remain.
Robodebt whistleblower demands better protections
A former Robodebt whistleblower shares their harrowing experience of retaliation and explains why stronger protections for those who expose wrongdoing are crucial.
Commons chief's £750k pay + £900k pension sparks fury
The House of Commons' top official enjoys a staggering £750,000 annual remuneration, with an additional £900,000 added to their pension pot over two years, sparking outrage amid economic struggles.
Bank holds base rate at 5.25% amid inflation concerns
The Bank of England has kept interest rates unchanged at 5.25%, offering temporary relief to mortgage holders. However, experts warn that persistent inflation could lead to future hikes, squeezing household budgets further.
BP cuts costs amid profit rise and dividend boost
BP reveals strategic cost reductions while increasing shareholder dividends, as the energy giant navigates market volatility and shifting consumer demands.
Bank of England holds rates at 5.25% amid inflation concerns
The Bank of England has kept interest rates unchanged at 5.25% for the sixth consecutive meeting, as policymakers weigh persistent inflation against economic growth risks. Governor Andrew Bailey signals cautious optimism but warns of lingering price press
Sydney’s Library of Things: Borrow instead of buy
Discover Sydney’s innovative 'Library of Things' where locals can borrow everything from camping gear to high-tech gadgets instead of buying them.
Police union slams 'inadequate' pay offer after approving it
The head of Queensland's police union has publicly criticised the state government's pay proposal, calling it insufficient just days after initially accepting the deal.
Whitehall sick leave surges under Starmer
Sick leave among Whitehall civil servants has surged dramatically, with new data revealing a sharp rise in absences since Keir Starmer took office. Experts warn of a growing crisis in public sector health and productivity.
South Cambridgeshire Council adopts four-day working week
South Cambridgeshire Council pioneers a four-day working week trial, sparking nationwide interest among local authorities. Discover how this bold move could reshape public sector employment.
Dan Jarvis joins Microsoft UK as public sector director
Ex-shadow minister Dan Jarvis takes on a key role at Microsoft UK, focusing on government and public sector partnerships.
UK debt crisis deepens as borrowing soars
Britain's national debt has skyrocketed, sparking fears of impending tax rises as the government scrambles to balance the books. Experts warn of tough economic times ahead.
Reeves warns of tax burden as UK borrowing hits record high
Chancellor Rachel Reeves highlights concerns over increasing tax pressures as UK government borrowing reaches unprecedented levels following the Covid pandemic.
Reeves: Govt borrowing fuels inflation crisis
Shadow Chancellor Rachel Reeves criticises the government's borrowing strategy, warning of dire economic consequences as inflation continues to rise.
Reeves reveals Autumn Budget borrowing plans
Chancellor Rachel Reeves outlines new borrowing strategies in the upcoming Autumn Budget to tackle economic pressures, signalling a shift in fiscal policy.
UK government borrowing hits record high outside Covid
UK public sector borrowing hits £16bn in June, double last year's figure, sparking concerns over potential tax increases under Chancellor Rachel Reeves.
Reeves' Budget: Tax Hikes & Spending Cuts
Chancellor Rachel Reeves announces a challenging budget with tax hikes and spending cuts to tackle the UK's rising borrowing costs. What does this mean for households and businesses?
Govt targets NHS 'golden goodbyes' for failing bosses
Ministers announce new rules to prevent NHS executives from receiving hefty payouts after poor performance, aiming to boost accountability and public trust.
Ofwat overhaul: New water ombudsman for England & Wales
The UK government announces sweeping reforms to Ofwat, introducing a new water ombudsman to handle rising consumer complaints and improve accountability in the water sector.
Exxon blocks Chevron's $53bn Hess oil deal
ExxonMobil and China's CNOOC have filed arbitration claims to block Chevron's $53bn acquisition of Hess, setting the stage for a fierce legal battle over Guyana's lucrative oil fields.
Banker sacked after affair with junior colleague
A married city banker was dismissed after a brief affair with a junior colleague, with the tribunal hearing shocking claims about his reaction upon learning his wife was pregnant.
Reeves outlines Labour's economic vision at Mansion House
Shadow Chancellor Rachel Reeves outlines Labour's economic strategy to revitalise Britain's financial sector, promising stability and growth in a major speech to City leaders.
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