She accused Prime Minister Rishi Sunak's government of trying to artificially distance itself from the damage done by predecessor Liz Truss' September "mini-budget," adding that the U.K. was "uniquely exposed" to external shocks because of choices made by ...
BUDGETECONOMIC expansionECONOMIC policyPRACTICAL politicsThis article places the Office for Budget Responsibility's commentary on the March 2023 UK Budget in political context. It explores how increased independent expert input has transformed the UK economic policy regime, focussing on the complex ...
Efforts to encourage the over-50s, the long-term sick and the disabled back into the workplace are also likely to form a key plank of the budget Tuesday 14 March 2023 20:08, UK Budget Jeremy Hunt This is a modal window. Video Unavailable ...
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling, all while avoiding a recession and tackling labour shortages. There are areas of slight positivity for the UK’s economy,...
Chancellor Jeremy Hunt said the British economy is "proving the doubters wrong" and will avoid recession, as he delivered his first full budget speech to Parliament. But Labour leader Sir Keir Starmer said "working people" were "being made to pay for Tor
David Potts, AIA Director of Policy & Regulation said, "Today's Budget announcements have ended a period of speculation regarding potential tax rises, providing much-needed certainty to AIA members as they advise their clients." He continued, saying, "The Government's announcements relating to MTD...
Unlocking government’s technology future Five keys to public sector digital transformation success Read Morechevron_right UK Budget 2024 Strategic Implications for Infrastructure and Construction Read Morechevron_right Improving NHS Performance: Addressing the Elective Care backlog KPMG partnered with Palantir...
Debt has accumulated and accelerated since 2008 through various channels, including government borrowing to fund budget deficits, economic stimulus measures, infrastructure projects and social spending. The low-interest rate environment since the 2008 global financial crisis has masked this growing problem ...
Government spending in the United Kingdom was approximately 44.7 percent of GDP in 2024/25, compared with 39.6 percent in 2019/20.
The U.K. government's latest budget announcement offered little hope for young people who are among those struggling to cope with soaring living costs, financial analysts and advisors have said. In hisSpring Statement, U.K. Finance Minister Rishi Sunak acknowledged that the Russia-Ukraine war...