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INSANE: 20 - The Real Truth

Rachel Reeves issues warning after minister claims finances 'worse than we thought'

RACHEL Reeves has warned she will have to make “difficult decisions” following claims from a minister that the UK's finances are "worse…

The National (Scotland)

The king’s speech sounded a bit like Labour governments of old. But only a bit

There is to be action but not a tax-and-spend splurge – just patient changes that will take time to pay off

The Guardian - UK

King’s speech 2024: experts explain new government’s plans for workers’ rights, rail nationalisation, housebuilding and more

The king’s speech has been delivered, marking the state opening of parliament (technically, this was the first king’s speech with a Labour government in 74 years). The speech was written by Keir Starmer’s government, not the king, and lays out the government’s agenda for the coming year. Here, a team…

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

The chancellor has tied her own hands with her fiscal rules – here’s why she should change them

The new government has made boosting economic growth its central goal. Chancellor Rachel Reeves wasted no time in announcing changes to the planning system designed to encourage more housebuilding and infrastructure investment.

The Conversation

Labour drafts options for wealth taxes to ‘unlock’ funds for public services

Exclusive: Sources say changes to inheritance tax and capital gains tax are being discussed

The Guardian - UK

General election manifestos: Where do the main parties stand on key areas from NHS to immigration

The Independent’s guide to all the major party manifestos ahead of the general election

The Independent UK

Labour pledges to strengthen economic watchdog within first 100 days

Exclusive: Changes early in expected new government intended to stop repeat of catastrophic Truss mini-budget

The Guardian - UK

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Amid the Tories’ fiscal disasters, one change has quietly warped how we see public spending for ever

The Tory-created OBR buoyed David Cameron but sunk Liz Truss. After the election, it may become Labour’s problem, says economics professor Jonathan Portes

The Guardian - UK

This is why business is not excited about this election

City Comment: Political parties are not being straight with us about the fiscal constraints and trade-offs we face

Evening Standard

Liz Truss’s mini-budget looms large in the election campaign – here’s why it was such a disaster

The words “Liz Truss” and “mini-budget” have become shorthand for financial recklessness and economic chaos. But what was it about the former prime minister’s economic management that was so disastrous?

The Conversation

No budget until September if Labour wins election, says Reeves

Shadow chancellor insists no additional tax rises will be needed beyond ones already announced by the party

The Guardian - UK

Jeremy Hunt’s tax cut plans face setback as government borrowing tops £20bn

ONS says budget deficit £1.5bn higher than previous year due to increased spending on benefits and weaker tax revenues

The Guardian - UK

Tories might not hold autumn statement pledging more tax cuts before election

With public finances in a worse position than expected, chancellor Jeremy Hunt is considering pushing back further pledges

The Guardian - UK

Ten Years to Save the West by Liz Truss review – economical with the truth about her own downfall

The former PM’s whingeing, unintentionally hilarious and scapegoating rant about the economy-crashing disaster of her time in No 10 is best read as a cautionary tale of hubristic zeal

The Guardian - UK

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The Guardian - UK

Trussonomic lessons: what can be learned from former PM’s book?

The anti-growth coalition, Bank of England and the OBR are among those under fire from Liz Truss

The Guardian - UK

The greatest mystery of modern politics? Liz Truss’s self belief

The former prime minister is teaching us a lot about narcissism in her new memoir, and it’s hard to tear your eyes away

The Guardian - UK

For the birds? Far from it. At last Rachel Reeves has given Britain a plan for economic liftoff

Despite being called continuity Hunt, the shadow chancellor has set out a proposal for meaningful change

The Guardian - UK

UK government borrows more in February than forecast with highest debt since 1960s

Higher than expected figure of £8.4bn in February could derail OBR forecast for £114.1bn deficit for 2023-24

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Evening Standard

OPINION - All models are wrong (except the Office for Budget Responsibility's Brexit forecasts)

"All models," the British statistician George Box observed, "are wrong, but some are useful." To which we now turn to the Office for Budget Responsibility, whose Brexit forecasts seem to be holding up remarkably well.

The Guardian - UK

How to survive UK mortgage turmoil as rates go up and deals are pulled

Homebuyers have to try to navigate their way to an affordable deal with no help in the budget to ease the pain

The Guardian - UK

Immigration is good for tax receipts - and five other things we learned from the budget

Just one of the messages that may surprise fans of Britain’s chancellor

Evening Standard

UK Budget: Hunt sticks to what was expected, and markets are grateful for that

City Voices: The pressure is on the Bank of England to get it right

Evening Standard

Business leaders’ tourist tax fury is a gift for Starmer

City Comment: It’s not yet clear what Labour would do about the tourist tax, but retail bosses fed up with Sunak and Hunt have strarted turning to Starmer and Reeves for salvation

Evening Standard

Brexit hitting UK economy and damage set to worsen with new trade barriers, Budget watchdog warns

Impact of leaving EU raised by Office for Budget Responsibility in its detailed analysis of Chancellor Jeremy Hunt’s Budget

Evening Standard

OPINION - Jeremy Hunt's Budget sold us the Big Lie of British politics — that we can afford our spending

No one wants Jeremy Hunt to be Chancellor. Labour doesn’t, obviously — the party has its own candidate, albeit with largely the same spending plans and fiscal rules. Rishi Sunak doesn’t — he wants to be his own finance minister. The Tory Right still pines for Truss-onomics, the SNP doesn’t…

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