#public-finances

#public-finances

Chancellor Rachel Reeves stated that the fifth interest rate cut since last year's election is welcome news, assisting in lowering costs for mortgages and loans.

Niesr recommends a moderate but sustained increase in taxes, including reforming the council tax system, to address a 41.2bn shortfall in government finances.

Sir Keir Starmer has opened the door for the Labour government to unleash both wealth taxes and an extension of stealth taxes in a bid to balance the books following his welfare U-turns.

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.

Paul Johnson, typically measured in his analysis, pulls no punches during his final IFS press conference, critiquing the government's financial plans with fervor.

The National Audit Office reported that three quarters of asylum accommodation funding is now directed towards hotels, which are more expensive than community housing.

The Prime Minister's announcement of a welfare system overhaul aims to cut costs while reshaping support for disabled individuals, sparking debates on its effectiveness.