Budget 2025: Departments told to find extra £4.9bn in efficiencies
26 Nov Economics

Budget 2025: Departments told to find extra £4.9bn in efficiencies

New target follows near-£14bn efficiencies committed to for SR25 period
by Tevye Markson
Michael Gove: Government should break up Treasury
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Michael Gove: Government should break up Treasury
Budget 2025: OBR launches probe after publishing key document early
26 Nov Economics
Budget 2025: OBR launches probe after publishing key document early
HMT second perm sec Sam Beckett to depart
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HMT second perm sec Sam Beckett to depart
'Difficult decisions needed': Truss walks back on spending cuts pledge
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'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
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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
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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'
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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 Economics
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 Economics
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’
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Bank of England chief calls mini-budget fallout ‘unprecedented’
Cabinet Office minister Zahawi apologises for government’s failings in TV debate
Kwarteng refuses to commit to bringing spending plans forward
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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'
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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
Civil service unions urge Truss to rule out austerity drive
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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
Team Truss’s top three themes already twisted into knots
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Team Truss’s top three themes already twisted into knots
The NHS, the energy crisis and the economy were would-be PM Truss's top priorities. But the Plan for Patients is underwhelming
Kwarteng to set out medium-term fiscal plan in November
27 Sep 2022 Economics
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