OBR to investigate Hunt’s Treasury spending forecasts over £22bn black hole
He said: “Those public finances were audited by the OBR just 10 weeks before the election was called. We are...
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Smart data and open finance among UK sector’s priorities for Labour government
Labour landslide: newspaper headlines today (5 July) reflecting the scale of election victory achieved by the UK’s new government |...
Fall in bank bonuses blows a hole in the Government’s finances
When dealmaking dries up, so do big handouts for bankers, accountants, lawyers and other advisers who rely on major transactions...
Mortgage guarantee scheme completions inch up to 42,800 in Q4
There were just 1,784 mortgages completed using the government’s mortgage guarantee scheme in the last three months of 2023,...
UK borrows more than expected in blow to Hunt’s pre-election tax cut hopes
But the sustained level of high borrowing means the next government will face financial pressure to reverse any tax cuts...
Treasury working ‘at pace’ to sort investment trust cost disclosures
The chancellor Jeremy Hunt has assured MPs that the Treasury and Financial Conduct Authority will work “at pace” to deliver much needed solutions to concerns about investment trust cost disclosures. There are fears current European regulations (Markets in Financial Instruments Directive) can make investment trusts appear too costly and put off investors. Conservative MP John Baron quizzed the chancellor at a Treasury Committee meeting last week (November 28). He said: “These rules are courtesy of overzealous regulation. You are fully aware of the importance of investment trusts; they are a third of all...
Andrew Bailey being ‘realistic’ is one thing, trashing Britain is another
To paraphrase PG Wodehouse on Scotsmen with a grievance, it is not hard to distinguish between a Governor of the...
Jeremy Hunt to lean on savers to plug gap in public finances
Jeremy Hunt will rely more on savers this year to plug a gaping hole in the public finances as he...
The Bank should focus on inflation
T he former governor of the Bank of England, Mervyn King, has told this paper that the Bank’s focus on net...
Financial Conduct Authority must be investigated over failure to tackle de-banking, chancellor told
Jeremy Hunt has been urged to investigate the banking regulator as part of the drive to “restore integrity” after the...
