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    Economy

    The latest Economy news from Civil Service World
    Departments brace for cuts as Hunt scraps tax measures
    17 Oct 2022 Economy
    Departments brace for cuts as Hunt scraps tax measures
    Chancellor tears apart 'mini-budget' and tells departments to find "efficiency savings"
    'Difficult decisions needed': Truss walks back on spending cuts pledge
    13 Oct 2022 Economy
    'Difficult decisions needed': Truss walks back on spending cuts pledge
    Departments face uncertainty over their budgets amid economic crisis
    Truss insists she won't cut public spending to pay for mini-budget
    12 Oct 2022 Economy
    Truss insists she won't cut public spending to pay for mini-budget
    Government will reduce debt by "making sure we spend public money well", PM says
    Departments could face funding cuts of 15%, IFS warns
    11 Oct 2022 Economy
    Departments could face funding cuts of 15%, IFS warns
    Inflation could mean “hidden” austerity if spending settlements remain unchanged, as think tank predicts £62bn of “fiscal tightening” needed
    Bank of England warns of 'material risk to financial stability'
    11 Oct 2022 Economy
    Bank of England warns of 'material risk to financial stability'
    Bank bolsters its emergency bond-buying plan as market turmoil continues
    Kwasi Kwarteng brings forward fiscal plan to 31 October
    10 Oct 2022 Economy
    Kwasi Kwarteng brings forward fiscal plan to 31 October
    Chancellor will also publish OBR forecast earlier than planned in U-turn following mini-budget turmoil
    DIT's James Bowler named Treasury perm sec
    10 Oct 2022 Economy
    DIT's James Bowler named Treasury perm sec
    He will be joined by second perm secs Cat Little and Beth Russell

    Bank of England chief calls mini-budget fallout ‘unprecedented’
    07 Oct 2022 Economy
    Bank of England chief calls mini-budget fallout ‘unprecedented’
    Cabinet Office minister Zahawi apologises for government’s failings in TV debate
    Ex-perm sec: Truss needs to ‘listen to the data’ on cost-of-living crisis
    06 Oct 2022 Economy
    Ex-perm sec: Truss needs to ‘listen to the data’ on cost-of-living crisis
    Clare Moriarty says failing to increase benefits by inflation will be real-terms cut for people already struggling
    Kwarteng refuses to commit to bringing spending plans forward
    05 Oct 2022 Economy
    Kwarteng refuses to commit to bringing spending plans forward
    Confusion follows reports that chancellor's fiscal statement could be moved from 23 November
    MoJ perm sec Antonia Romeo 'lined up for Treasury top job'
    03 Oct 2022 Economy
    MoJ perm sec Antonia Romeo 'lined up for Treasury top job'
    Romeo is Kwasi Kwarteng's favourite to replace Sir Tom Scholar, according to reports
    Government U-turns on scrapping top tax rate after Tory backlash
    03 Oct 2022 Economy
    Government U-turns on scrapping top tax rate after Tory backlash
    Several prominent Conservative MPs, including Michael Gove, had publicly opposed the policy
    MPs demand publication of OBR advice to Kwarteng
    30 Sep 2022 Economy
    MPs demand publication of OBR advice to Kwarteng
    Think tank dubs chancellor’s rejection of further pre-budget advice “inexplicable”
    Civil service unions urge Truss to rule out austerity drive
    30 Sep 2022 Economy
    Civil service unions urge Truss to rule out austerity drive
    More spending cuts would be an "act of national vandalism", PCS, Prospect and FDA chiefs say
    Bank of England warns of 'risk to UK financial stability' in emergency intervention
    28 Sep 2022 Economy
    Bank of England warns of 'risk to UK financial stability' in emergency intervention
    Bank buying government debt to stabilise market after government’s “mini-budget” triggered fall in the pound
    Kwarteng to set out medium-term fiscal plan in November
    27 Sep 2022 Economy
    Kwarteng to set out medium-term fiscal plan in November
    Treasury says chancellor's plan will set out further details on the government’s fiscal rules
    Mini-budget fallout has wrecked spending plans, says ex-Treasury chief
    27 Sep 2022 Economy
    Mini-budget fallout has wrecked spending plans, says ex-Treasury chief
    Nick Macpherson says government has ‘broken a cardinal rule’ and flags fears over public sector pay
    Civil servants ‘face two-year pay squeeze’ as Truss abandons spending review plans
    26 Sep 2022 Economy
    Civil servants ‘face two-year pay squeeze’ as Truss abandons spending review plans
    Real-terms pay cuts expected as government abandons planned spending review
    Mini-budget: Departments ‘face difficult decisions’, chancellor warns
    23 Sep 2022 Economy
    Mini-budget: Departments ‘face difficult decisions’, chancellor warns
    Kwarteng unveils £45bn package of tax cuts in bid to boost economic growth
    Mini-budget: Kwarteng scraps Office of Tax Simplification
    23 Sep 2022 Economy
    Mini-budget: Kwarteng scraps Office of Tax Simplification
    Chancellor says fiscal reform will be embedded “into the heart of government” in future
    Treasury rejects call for OBR forecast alongside mini-budget
    21 Sep 2022 Economy
    Treasury rejects call for OBR forecast alongside mini-budget
    MPs' request for "vital" assessment rejected, with Treasury citing need to move at "immense speed"
    Kwarteng ‘will need to tweak fiscal rules’ for £30bn tax cuts
    20 Sep 2022 Economy
    Kwarteng ‘will need to tweak fiscal rules’ for £30bn tax cuts
    Chancellor also eyes new “low-tax growth zones” and planning reforms in mini-budget
    IFS chief calls for transparency on energy price-cap analysis
    14 Sep 2022 Economy
    IFS chief calls for transparency on energy price-cap analysis
    Truss and Kwarteng urged to publish assessments supporting “biggest single fiscal event” in decades
    Treasury and OBR confirm emergency budget preparations began in July
    31 Aug 2022 Economy
    Treasury and OBR confirm emergency budget preparations began in July
    HMRC and DWP feeding into work, government’s independent financial analyst says
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