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Public finances in ‘very risky’ position, says Office for Budget Responsibility
Chancellor wants to offer about 6% without having to increase UK borrowing
Unions condemn PM’s comments that he may disregard recommendations of independent review bodies
Public sector net borrowing doubled to £20bn in May
Chancellor says reform of state is crucial to driving economic growth and tax cuts
The chancellor’s fiscal rules give him room for pledges that please the Conservative backbenches but there’s a big caveat
The Conservative party needs to address issue of spending on skills and staffing
Net borrowing was higher than expected at £25.6bn in April
Central bank stresses figures relating to bond-buying programme are estimates
HMRC boosted the total tax take by 9.9 per cent in 2022-23
Public spending falls short of forecasts but so do revenues, indicating weaker economic performance
February figure of £16.7bn is higher than expected
Experts say public finances could be in a worse shape than figures contained in the Budget
Continuing to muddle through, massage the figures and implement bad policies will only make the problems worse
But UK chancellor’s tax incentives to nurture business investment are constrained by his own fiscal rules
Chancellor also extends free childcare of one- and two-year-olds in fiscal plan to increase workforce
Chancellor expected to take steps to nurture economic growth as well as address cost of living crisis
Jeremy Hunt’s Budget must boost growth amid tight finances and political pressures
Chancellor will not have room for big giveaways on March 15 because of new forecasts of weak economic outlook
Jeremy Hunt has a £30bn windfall after higher tax revenues and lower subsidies for household energy bills
Improvements in finances come largely from stronger than expected tax receipts
Hunt and Sunak insist their focus is on controlling UK public finances and inflation
Energy support schemes drive up figures as ONS report shows highest borrowing since monthly records began in 1993
Fall in gas prices expected to cut cost of failed energy company’s rescue by up to £840mn
UK’s new monarch pre-empts critics by surrendering coming windfall from seabed licences
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