#government spending

#government spending

George Osbourne launched LISAs in his 2016 Budget. The idea was to help people save for their first home or retirement, but the product itself is not fit for that purpose and now costs the Government £3bn a year. The LISA allows the user to put in a maximum of £4,000 of savings a year, with the Government then adding a further 25% for every £1 contributed, thus giving a maximum saving of £5,000 a year.

More than 300 million pounds allocated to English councils for Ukrainian refugee accommodation remains unspent, while many face homelessness. This funds roughly a third of the one billion pound budget.

America's vast industries like Big Tobacco and Big Pharma have grown from local roots, yet funding cuts to essential programs threaten overall progress and health.

You don't break your word. Your word breaks you.

Pressure is growing on Rachel Reeves to find new ways to boost the ailing economy after government borrowing reached the second-highest June figure since 1993 last month.

The Trump administration announced the withdrawal of about $4 billion in unspent federal funding for California's high-speed rail project following a federal report deeming it unviable.

The cost of the state pension triple lock is forecast to be three times higher by the end of the decade than its original estimate, according to the government's official forecaster.

Whatever savings may have been found, they were small potatoes when so many trillions of dollars were being added to the national debt.

Congress is about to impose massive harm on tens of millions of Americans—taking away their health insurance, reducing welfare benefits, raising energy costs—to benefit a handful of wealthy individuals.

Trump suggested that the Department of Government Efficiency (DOGE) review subsidies connected to Elon Musk, including those received by Tesla and SpaceX, to save money.

The department confirmed it paid estate agency Knight Frank €522,394 in 2024 to cover just a single-year lease on the English property, which is home to ambassador Martin Fraser.

I would love it, but as you know, it's not funded. If Puff the Magic Dragon held a cigar party in the Palace of Versailles, you couldn't have any more smoke and mirrors than the Treasury has deployed today.

The U.S. has spent over $40 million to hold migrants at Guantanamo with a daily cost of about $100,000 per migrant, far exceeding ICE's cost.

Folks I have got some great news. We're going to have some terrible weather on the East Coast on Saturday. And that means Trump's birthday parade may be canceled due to thunderstorms!

Creating a lost decade for growth, wages and living standards that is their legacy.

The UK is committing £13.2 billion to improve energy efficiency, crucial for meeting net-zero targets and lowering household energy bills.

In 2011, the Canadian government hired IBM for a new pay system, the Phoenix system, which led to significant issues overpaying or underpaying civil servants.