Tag: Fiscal responsibility
Jeremy Hunt’s Treasury Accused of Hiding Budget Black Hole, Potential Law Violation
The Treasury officials under Jeremy Hunt have been accused of breaking the law by failing to report a significant black hole in the public finances to the Office of Budget Responsibility (OBR). This accusation...
Chancellor Warns Against Ruling Out Future Tax Increases
Chancellor Rachel Reeves has cautioned against ruling out the possibility of future tax increases, stating that it would be irresponsible to do so. This warning comes in the wake of Labour's landmark budget, where...
Rachel Reeves Pledges ‘No Return to Austerity’ at Labour Conference
Rachel Reeves, the Chancellor, is set to make a bold statement at the Labour Conference in Liverpool, pledging that there will be "no return to austerity" under the Labour government. This announcement comes as...
The Pros and Cons of Private Finance Initiatives (PFIs) in the Labour Party’s Future
Rachel Reeves has been discussing the possibility of using private finance to fund the £9bn Lower Thames Crossing, sparking discussions about the potential return of Private Finance Initiatives (PFIs). PFIs were commonly used during...
Reeves Takes Swift Action Against £22bn Budget Shortfall Hidden by Tories
Rachel Reeves, the new chancellor, took swift action to address a £22 billion budget shortfall that she claimed was hidden by the previous Conservative government. In her first autumn budget, she made significant changes,...
Reeves’ Financial Forecast Sparks Concern: Tax Hikes on the Horizon
Rachel Reeves’ financial forecast has sparked concern among economists and experts, who believe that tax hikes are on the horizon following her recent speech. Reeves revealed a £22bn black hole in the public finances,...
Key Points from Rachel Reeves’ Speech in Parliament
Chancellor Rachel Reeves recently addressed Parliament, revealing a £22 billion black hole in public finances and accusing the Tories of concealing the extent of the issues. She outlined immediate actions to tackle the problems...
Rachel Reeves Proposes Cuts and Tax Rises to Cover Tory Shortfall
Rachel Reeves, the new Chancellor of the Exchequer, has outlined a plan to address the dire economic situation inherited from the previous Conservative government. In an effort to tackle the £20bn hole in government...
Chancellor Rachel Reeves to Announce Cuts to Address £20bn Fiscal Deficit
Chancellor Rachel Reeves is set to make a significant announcement regarding cuts to address the £20bn fiscal deficit in the government. The new administration is looking to address the issues with the economy and...