Category : Search result: government finances


Guardian corrects government spending chart and obituary

The Guardian has issued corrections for a government expenditure chart that mislabelled £400bn and omitted £62bn, and for an obituary of architect Christopher Mullan. Discover the details and how to report errors.

Reeves Under Fire as OBR Reveals Budget Surplus

Chancellor Rachel Reeves faces mounting pressure to resign after the OBR revealed it told her about a £4.2bn surplus weeks before she claimed a £30bn black hole. Read the full investigation.

Greene qualifies for congressional pension by days

Controversial US Rep Marjorie Taylor Greene will qualify for a substantial congressional pension worth over £265,000 after serving just over the five-year minimum requirement. Discover how her financial gains compare to her £25 million net worth.

HMRC pauses child benefit crackdown after data error

A significant HMRC data error has resulted in 23,500 families being wrongly targeted in child benefit investigations, forcing the tax authority to pause its compliance campaign amid widespread concern.

Woking Council declares bankruptcy with £1.9bn debt

Woking Borough Council faces financial collapse with a staggering £1.9bn deficit, joining a growing list of UK local authorities in crisis. Discover how risky investments and government funding cuts created this perfect storm.

Reeves Confronts £22bn Budget Black Hole

Newly appointed Chancellor Rachel Reeves faces stark warning from Treasury officials about Britain's dire economic outlook and massive funding shortfall just days into the job.

Why Labour must tax wealth, not just income

As Labour prepares for government, experts argue that taxing wealth through mansion levies and council tax reforms could be the key to solving Britain's fiscal crisis without punishing ordinary workers.

UK borrowing hits record September high of £15.9bn

New figures reveal UK government borrowing hit £15.9 billion in September 2025 - the highest for that month since records began. Chancellor Rachel Reeves faces mounting pressure as debt costs spiral and economic challenges deepen.

Reeves: UK economy in worse state than thought

Chancellor Rachel Reeves delivers sobering assessment of Britain's economic inheritance, revealing deeper problems than anticipated with Resolution Foundation analysis showing significant fiscal challenges ahead.

Reeves: No quick fix for UK economic crisis

Chancellor Rachel Reeves delivers stark assessment of UK finances, confirming previous government left economy in worst state since WWII with 'no magic wand' for immediate solutions.

UK government borrowing costs hit 20-year high

Chancellor Rachel Reeves faces mounting pressure as UK government borrowing costs surge to their highest level in two decades, threatening Labour's economic plans and increasing pressure on public finances.

Reeves: No magic money tree for UK economy

Chancellor Rachel Reeves delivers hard-hitting speech at Wembley, ruling out immediate tax rises while promising tough spending decisions and economic stability.

Reeves: No 'magic wand' for UK economy

Chancellor Rachel Reeves delivers sobering assessment of UK finances, confirming tough decisions ahead as Labour confronts 'worst economic inheritance since WWII'.

Global Debt to Hit 100% of GDP by 2029 - IMF

The International Monetary Fund issues stark warning as global government debt is projected to reach 100% of GDP within five years, with the UK facing particularly challenging economic headwinds.

VAT error gives Reeves £3bn budget windfall

Chancellor Rachel Reeves discovers unexpected £3bn for autumn budget after officials correct significant VAT calculation error, providing relief amid spending pressures.

Reeves: £30bn asylum black hole in Budget

Chancellor Rachel Reeves exposes massive financial shortfall in asylum system, revealing £6.2 billion annual costs and warning of tough spending decisions ahead.

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