Departments set to reject chancellor’s demands as ‘just not possible’ and ask for more money instead
UK chancellor may redefine debt in October Budget
Simon Case points out lack of new spending review to replan departmental budgets
Labour minister had warned of the ‘economy crashing’ without immediate cuts
Figure of £3.1bn highlights challenge for Labour government
Gifts to reduce national debt rose to £700,000 in 2023-24
Increase to 10.4% of GDP highlights vulnerability of country’s finances to moves in global oil market
Chancellor declines to rule out reclassifying how debt is measured ahead of visit to US and Canada to drive investment
Recriminations fly after Reeves’s claim of £22bn black hole
Treasury acknowledges announcements will only go part of the way towards clamping down on 2024-25 overspend
Growth measures should not be sacrificed to plug ‘black hole’ in public finances
Rachel Reeves is preparing to unveil the result of an audit of UK public spending, paving the way for tax rises
Chancellor will outline results of an audit of finances likely to pave way for tax rises this year
Labour’s election pledges mean wealthy are likely to be hit
Rachel Reeves to give statement on Labour’s ‘spending inheritance’ as new government grapples with early crises
UK chancellor says ‘there is a cost to not settling’ even as Treasury grapples with straitened finances
Figures highlight challenges for new Labour government of funding its economic agenda
The coming fiscal statement will set an economic baseline for the new government
UK’s new Labour chancellor has instructed Treasury to examine state spending under the Conservatives
New UK chancellor will try to boost output and avoid imposing drastic cuts on frayed public services
Claims that higher growth will boost revenues and bolster public finances are called into question
Limited election pledges a ‘downpayment’ for future investment, says Labour leader
Former chancellor says it could be ‘one big throw of the tax dice’ before the UK general election
Shadow chancellor also indicates speedy post-election Budget not on the agenda