Is there a £22bn ‘black hole’ in the UK’s public finances

Is there a £22bn ‘black hole’ in the UK’s public finances?

Economists say the state of public finances should not have come as a complete surprise to the new government.

Treasury failed to disclose ‘material’ spending pressures under Hunt, says OBR

Watchdog says it cannot tell how big ‘black hole’ inherited by Rachel Reeves would have been with full transparency

World - Financial Times - October 30

Budget poses new challenge for UK public finances, Moody’s warns

Assessment from rating agency comes as gilts steady after sell-off sparked by scale of extra borrowing

Business - Financial Times - November 1

Jeremy Hunt attempts to block watchdog report on £22bn ‘fiscal hole’

Former chancellor argues publication on Budget day will be used by Labour as ‘political weapon’

Business - Financial Times - October 29

Trump tariffs could cost UK £22bn of exports

The UK could face a £22bn hit to its exports if Donald Trump carries out his tariff threats, researchers say.

Peering inside a (fiscal) black hole

Come for the snark, stay for the Soundgarden puns

World - Financial Times - November 1

Reeves aims to close £40bn funding gap as she plans tax rises in Budget

Figure is significantly more than the £22bn fiscal hole the government previously identified

Business - Financial Times - October 15

The English county facing the biggest financial ‘black hole’

Even in relatively prosperous Hampshire, the cost of providing social care is swallowing up funding for everything else

Business - Financial Times - October 22

Two Black Holes are Giving the Cosmos a Fright

The ghosts of stars are up to their usual mischief.

World - The New York Times - October 30

The unfair hole in next week’s UK Budget

Why will council tax remain decades out of date?

Business - Financial Times - October 25

UK chancellor to unlock financing for critical minerals supply

Measures will benefit manufacturers, particularly in defence, aerospace and EV battery makers, says Treasury

Business - Financial Times - October 24

The Papers: 'Bogus £40bn black hole' and 'Tuchel takes hotseat'

Many newspapers lead on the Budget and report that Chancellor Rachel Reeves faces a "backlash".

The UK should resist calls for infrastructure public ownership

Privatisation is not the solution for every situation but it can be highly effective in many cases

World - Financial Times - October 15

UK public borrowing exceeds official forecast in September

Data comes as chancellor Rachel Reeves prepares to raise taxes in next week’s Budget

Business - Financial Times - October 22

Did Labour mislead UK public ahead of Budget?

Rachel Reeves’ tax-raising measures come after she pledged not to be a levy-hiking chancellor

World - Financial Times - October 31

Santander delays full UK results as it weighs impact of car finance ruling

Profits drop in British business as one of Spanish bank’s biggest markets emerges as a trouble spot

Business - Financial Times - October 29

UK motor finance in disarray after court rules against hidden commissions

Major providers have stopped lending or paused commissions as they race to assess implications

World - Financial Times - 3 days ago

It’s hard to fill a budget black hole if you’ve ruled out raising income tax | William Keegan

Keir Starmer and Rachel Reeves were so desperate to win the election that they deprived themselves of the best tools for fixing their bleak ‘inheritance’. It saddens those of us who waited so long ...

World - The Guardian - October 27

Biggest US public pension fund Calpers invests in UK’s Octopus Energy

California retirement fund among investors drawn to power company for its software and green focus

Business - Financial Times - October 14

The NHS and education are big winners in Reeves’ spending plan

But some Whitehall departments including the Home Office face real terms cuts to their budgets

World - Financial Times - October 30

Banks warn UK Treasury of risk of sector turmoil after car finance ruling

Lenders meet government officials and regulators over fallout from court judgment on ‘secret’ auto loan commissions

Business - Financial Times - October 29

Twice homeless millionaire tops UK black power list

The now multimillionaire began his career in a call centre after failing to become a professional footballer.

Push for black and Asian soldiers’ input in world wars to be taught in UK schools

Exclusive: Awareness of contribution of black and Asian soldiers could help tackle racism, say leading minority ethnic voices. Politicians and community leaders are calling for the history of ...

World - The Guardian - October 30

Project reveals UK sites where black Americans fought to end slavery

Missing Pieces Project maps buildings in 189 locations where African American abolitionists spoke against slavery. Historic England is commemorating the American abolitionist Frederick Douglass ’s ...

World - The Guardian - November 1

No 10 says Starmer ‘shares public anger’ at early prisoner releases but system facing paralysis without it – UK politics live

Downing Street says government ‘shocked’ at inheriting prisons crisis as hundreds of prisoners get early release. The funeral of Alex Salmond, the former Scottish first minister who died suddenly ...

World - The Guardian - October 22

Latest in Is there a £22bn ‘black hole’ in the UK’s public finances