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