Deficit Reduction

Government borrrowing rose slightly in July

Government deficit yet to benefit from economic upturn

The latest government borrowing figures reveal that spending is rising, outstripping tax receipts in July, a month that normally sees a surplus.

Ed Balls responds to the government's spending review

Spending review: Osborne wields the axe at welfare spending

Welfare was the main target for the cuts as George Osborne presented a further £11.5 billion of savings for 2015-16, as well as public sector employees and government efficiencies.

The pressure is on George Osborne ahead of next week's spending review

UK government borrowing set to rise for third consecutive year

Underlying government borrowing still went up in May once the one-off receipts of £3.2bn from Swiss tax authorities is stripped out of the figures.

The IMF has delivered its verdict on the UK economy

IMF urges Osborne to slow the pace of austerity

After a two-week visit the IMF has concluded that the UK economy is still far from a "strong and sustained recovery" but the chancellor George Osborne shows no sign of a change of tack.

George Osborne received a boost today on government borrowing figures

Government borrowing revised down for 2012-13 to £119.5bn

The Office for National Statistics has revised down total government borrowing for the 2012-13 financial year to £119.5 billion from £120.6 billion in a boost for the government.

Osborne addressed business leaders at the CBI

Osborne holds firm on austerity amid economic growth signals

The Chancellor, George Osborne told business leaders at the CBI dinner to stay the course on austerity as the economy shows signs of a sustained recovery.

Lloyd Blankfein wants Osborne to stay the course on austerity

Goldman Sachs boss says Osborne must stay the course on austerity

Goldman Sachs boss Lloyd Blankfein says that George Osborne must stay the course on austerity and not ease up unless the deficit is falling.

Fitch has cut the UK AAA rating

Fitch questions if UK economy can return to sustainable growth

Fitch is the second of the three main credit rating agencies to cut the UK's AAA credit rating after Moody's leaving just Standard & Poor's keeping the UK at the top tier.

S&P has kept the UK on AAA rating

S&P warns any deviation from austerity could lead to downgrade

Ratings agency Standard & Poor's has kept the UK on AAA credit rating but on "negative outlook" in a boost for the Chancellor after last month's budget.

Budget 2013: How does it affect your wallet?

Budget 2013: How does it affect you?

George Osborne has delivered his fourth budget and introduced measures to support the housing market, cut fuel and beer duty and raised the income tax allowance to £10,000.

Danny Alexander has enforced a spending curb in government

Post-budget boost for Osborne as borrowing drops in February

The latest government borrowing figures show that there was a deficit of just £1.1bn in February, £7bn less than in the same month the year before because of a spending amnesty.

Budget 2013 live: All the key points at a glance

Budget 2013 Live: Key points at a glance

The budget as it happens. Follow all the major announcements in the Chancellor's budget as George Osborne presents his fourth budget since the coalition came to power.

David Cameron said the deficit must be cut "further and faster"

Cameron: UK must cut "further and faster" but no word on growth

The Prime Minister, David Cameron, defended the government's economic record in parliament today and said the UK must cut "further and faster".

A grim day for Osborne as the UK is stripped of its AAA rating by Moody's

Sterling and Osborne both under pressure after AAA downgrade

The UK has been stripped of its AAA rating by Moody's for the first time since 1978 as public finances show the Chancellor is likely to miss his deficit reduction target.

George Osborne received some good news on government borrowing today

QE receipts help boost January government borrowing figures

George Osborne received some rare good news today as public sector borrowing showed a surplus of £11.4b due to higher tax receipts meaning his target for the year may be achievable.

The Bank of England, Threadneedle St, London

OECD advises Osborne to tone down austerity and be flexible

The Bank of England's Monetary Policy Committee meets tomorrow but despite a contracting economy and the advice of the OECd, there is not expected to be any change in QE or Base rate.

Osborne: More bleak news on the deficit

UK AAA rating under threat as government deficit increases

The Chancellor, George Osborne, is set to miss his deficit reduction target for the 2012-13 tax year of £120bn as the deficit increased in December, rising to £106.5 bn.

The Chancellor is counting on improved tax receipts to help reduce the deficit

Trade deficit widens putting AAA rating at risk

The government deficit has widened contrary to George Osborne's claims increasing the likelihood that the UK could have its AAA rating stripped by one of the ratings agencies.

S&P has warned that the UK's AAA credit rating could be downgraded

AAA rating at risk after S&P puts UK on 'negative watch'

Standard & Poor's has placed the UK's AAA credit rating on negative outlook, warning that it may downgrade if "fiscal performance weakens beyond current expectations".

Last week Fitch suggested the UK could lose its AAA credit rating

OBR says loss of AAA rating would not raise borrowing costs

The Office for Budget Responsibility head Robert Chote told MPs last week that the loss of the UK's AAA credit rating would not increase the cost of borrowing.

The IFS warns that pensioners could face cuts to benefits

Pensioners could be targeted in Osborne's next round of cuts

Despite the austerity measures of the past few years, more will be needed to balance the government's books and the IFS thinks it will be pensioners who face big cuts next.

Fitch has warned the Uk could lose its triple-A credit rating

Fitch warns UK could lose triple-A credit rating

One of the leading ratings agencies, Fitch, has warned that the UK could lose its triple-A credit rating after George Osborne admitted he would miss one of his deficit reduction targets.

The UK economy will contract by 0.1%, according to the OBR

Autumn Statement: Austerity until 2018 as OBR cuts growth forecast

The Office for Budget Responsibility has cut its growth forecast as George Osborne admits that it will take longer to reduce the deficit and that austerity will last until 2018.

George Osborne's Autumn Statement at a glance

Autumn statement: Key points at a glance

George Osborne has announced his Autumn Statement to parliament today. Described as a mini-budget he says all new spending is being paid for by tax rises or spending cuts.

George Osborne unveils his Autumn Statement on Wednesday 5th December

The six issues that will define Osborne's Autumn Statement

George Osborne will announce his highly anticipated Autumn Statement tomorrow as he tries to find ways to boost the economy without adding to the government debt.

First | Previous | Showing 1 to 25 of 69 | Next | Last

Newsletter sign up


In addition to the weekly newsletter, which areas of finance would you like to hear from us about:

Tick this box if you would like us to send you promotions from carefully selected third parties.

By signing-up you agree to the terms of use and privacy policy.

sign-up button

Get the latest information on: