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Treasury

  • Childcare costs mean it makes ‘no financial sense for many mothers to work’: official report

    January 17, 2024

    London’s economy could be being held back by around £5bn a year due to issues with childcare costs and shortages.

  • Electoral and fiscal pressures will clash over the coming year – there can only be one winner

    January 17, 2024

    The main political parties have received no shortage of warnings about reckless fiscal plans ahead of this year’s election. 

  • UK government rejects calls for banks to pre-fund multibillion-pound deposit guarantee scheme

    January 11, 2024

    The government has confirmed that it does not want British banks to imminently pay billions into a deposit insurance guarantee scheme designed to reduce the burden on taxpayers if lenders fail.

  • Post Office Horizon IT scandal: Fujitsu won £4.9bn in contracts since 2019

    January 10, 2024

    Contractor Fujitsu received £4.9bn in government contracts following a crucial 2019 court judgement which determined culpability in the Post Office scandal.

  • Jeremy Hunt signs ‘groundbreaking’ financial services agreement with Switzerland

    December 22, 2023

    Chancellor Jeremy Hunt has signed what he called a “groundbreaking” deal with Switzerland on financial services.

  • How do the latest borrowing figures impact Hunt’s tax cut calculations?

    December 21, 2023

    The Treasury borrowed £14.3bn in November, which was nearly £1bn less than this time last year but comfortably higher than economists had expected.

  • Labour’s £28bn growth plan would see tax rises, Treasury minister argues

    December 16, 2023

    Labour’s plans to borrow £28bn to invest in decarbonisation and green energy would lead to tax rises, the chief secretary to the Treasury has argued.

  • Covid inquiry: Sunak denies describing ‘clash’ between economy and public health

    December 11, 2023

    Rishi Sunak denied describing a “clash” between the economy and public health during the Covid-19 pandemic, the official UK inquiry has heard.

  • More than half of London’s bank branches have shut since 2015

    December 1, 2023

    The capital has seen 745 branches - or 58 per cent - close down in the past eight years, data from Which.co.uk revealed.

  • Alistair Darling dies aged 70: Heartfelt tributes paid to ‘one of the great chancellors’

    November 30, 2023

    Former Labour Chancellor Alistair Darling has died aged 70, his family have confirmed.

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