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.
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.
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.
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.
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.
The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates as inflation remains stubbornly above target, despite economic slowdown signals.
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.
Leading economists and financial experts urge the Bank of England to reconsider its quantitative tightening strategy amid soaring government debt costs, warning current pace could destabilise markets.
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.
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.
Warsaw unveils a world-first 'express library' metro station, allowing commuters to borrow physical books for free using just their smartphones, blending urban transport with accessible culture.
The Guardian argues that the UK is paralysed by a mythical fear of 'bond vigilantes', preventing vital investment in public services and infrastructure. It's time to abandon outdated economic dogma.
Chancellor Rachel Reeves confronts a mounting financial crisis as UK borrowing costs hit Budget-day highs, sparking fears of a mortgage meltdown and economic instability.
Exclusive polling reveals a dramatic collapse in support for Keir Starmer's government as Rachel Reeves faces backlash over borrowing plans, drawing comparisons to the infamous Poll Tax.
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.
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.
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.
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.
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.
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.
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.
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
Discover Sydney’s innovative 'Library of Things' where locals can borrow everything from camping gear to high-tech gadgets instead of buying them.
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.
Chancellor Rachel Reeves highlights concerns over increasing tax pressures as UK government borrowing reaches unprecedented levels following the Covid pandemic.
Shadow Chancellor Rachel Reeves criticises the government's borrowing strategy, warning of dire economic consequences as inflation continues to rise.
Chancellor Rachel Reeves outlines new borrowing strategies in the upcoming Autumn Budget to tackle economic pressures, signalling a shift in fiscal policy.
UK public sector borrowing hits £16bn in June, double last year's figure, sparking concerns over potential tax increases under Chancellor Rachel Reeves.
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?