Government spending plans delayed until 17 November
26 Oct 2022 Economy
Government spending plans delayed until 17 November
No.10 said it was important that teams had enough time to "reach the right decisions" after Tuesday's major cabinet reshuffle
Sunak warns of ‘difficult decisions’ in first words as PM
25 Oct 2022 Economy
Sunak warns of ‘difficult decisions’ in first words as PM
Downing Street speech acknowledges Truss and Kwarteng “mistakes” but insists 2019 general-election manifesto is a valid mandate
Jeremy Hunt denies return to austerity as spending cuts loom
18 Oct 2022 Economy
Jeremy Hunt denies return to austerity as spending cuts loom
Chancellor says "eye-watering" decisions ahead as he is accused of unveiling "austerity season two"
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