Public sector borrowing fell in April as the recovery from the Covid-19 shock continued, but measures to ease the cost-of-living crisis remain “tricky” according to commentators.
An English county council is set to reallocate funds earmarked for construction projects to help close a forecast £4.5m gap in its structural maintenance programme as soaring inflation puts pressure...
Local authority borrowing from the Public Works Loan Board remains low following four Bank of England interest rates hikes, after councils capitalised on record low finance last year,...
The government has announced initial payments to help cover local authorities’ costs incurred when delivering the council tax rebate policy aimed at helping the public through the cost-of-living...
The Bank of England's Monetary Policy Committee has hinted that further interest rate rises are on the horizon, after it hiked borrowing rates for the fourth consecutive meeting.
Public bodies could face pressure from growing direct costs alongside impacts from inflated prices for third party suppliers, according to the Office for National Statistics.
The government will fail in its ambitions to ‘level up’ left-behind areas of the country if it does not introduce measures to address the spiralling cost of living, a think-tank has said.
Prime minister Boris Johnson has promised to consider increasing universal credit in line with inflation, to mitigate the impact of soaring inflation on the cost-of-living.
Public spending rises announced by chancellor Rishi Sunak last autumn are now up to a quarter less generous in real-terms due to rising inflation, says Ben Zaranko.
Public sector workers face a hefty average real-terms pay cut of around £1,800 pounds in 2022-23 as chancellor Rishi Sunak looks to protect his spending plans without raising taxes further, ...
High inflation is set to push the cost of servicing government debt to twice the Office for Budget Responsibility’s forecast in October, the fiscal watchdog said in its outlook accompanying the...
The government’s decision to freeze income tax bands will provide the government with £20bn additional revenue a year, more than double initial forecasts, according to the Institute for Fiscal...
The Bank of England is set for only modest interest rate tightening in the coming months to deal with high inflation fuelled by supply chain backlogs, according to a senior official.
Next year’s public health grant for councils in England will fall in real terms, despite sector experts saying services having “more than proven their worth” amid Covid-19.
Logistical and software issues are likey to make it challenging for councils to deliver the government’s £150 council tax rebates to help consumers with soaring energy prices, according to CIPFA.
The Bank of England is widely expected to increase interest rates for the second time in two months this week as it continues to try to get inflation under control.
