Treasury

Treasury warns of tough budget decisions after borrowing surge in September

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Treasury warns of tough budget decisions after borrowing surge in September

The UK Treasury has said it will need to make tough decisions in next week's budget after higher debt interest payments and pay cuts for public sector workers pushed government borrowing to £16.6. billion last month – the third highest figure recorded in September. In the latest update on the state of the public finances … Read more

Keir Starmer to face PMQs as reports claim Treasury must cover '£40bn funding gap' in Budget – UK Politics Live

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Treasury warns of tough budget decisions after borrowing surge in September

Starmer to face PMQs as reports claim Treasury must cover '£40bn funding gap' in Budget Good day. Governments engage in expectations management, and the latest example appears on the front page of the Monetary Occasions this morning, where there is a story saying that Rachel Reeves, the chancellor, has identified a “funding gap of £40bn” … Read more