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Central bank requires funding after raising interest rates but payments have no effect on overall public finances
October’s figure of £13.5bn was £4.4bn more than in the same month last year
Resolution Foundation points to wage stagnation, while IFS says fiscal rules only just met by £55bn squeeze
Unlike Kwasi Kwarteng, the chancellor accepted the OBR’s dire predictions for the economy
Chancellor pushes back many measures announced in Autumn Statement until after expected general election in 2024
Main points and key data from Jeremy Hunt’s economic announcement
Cuts to public spending must be balanced with recession risks, say fund managers
Gap with private sector pay growth now the widest on record
The UK chancellor is preparing measures to reduce public borrowing because of dire predictions for the public finances
UK chancellor wants to convince financial markets he has control of public finances
Britain’s chancellor must satisfy markets while limiting economic damage
Chancellor also warns of spending cuts as he seeks to fill budgetary hole
The chancellor has peered into the abyss and must now pull the economy back from danger
Day-to-day spending on public services to be frozen in real terms for three years from 2025
The new UK chancellor’s Autumn Statement will show if he is prepared to tackle those ‘eye-wateringly’ difficult decisions
Chancellor Jeremy Hunt is considering big tax rises and spending cuts to fix the public finances
Chancellor intends to cut £33bn in public spending while raising taxes by £21bn under draft proposals
Britain’s chancellor has no easy options for filling the country’s fiscal hole
Spending cuts are far from the only option
Outlook is still much more difficult for the government than it appeared in the spring
Calmer markets could shrink forecasts for fiscal hole facing chancellor and new PM in debt-cutting package
Figure comes in well above expectations as higher interest payments bite
An FT economics correspondent (and Italian) considers Britain’s relocation to the Med
Some of chancellor Jeremy Hunt’s options for ‘eye-wateringly difficult’ decisions on tax and spending
If he is elected UK premier, Keir Starmer won’t have the money to do very much
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