Economic storm clouds darken outlook for public finances
A slightly higher fiscal deficit for May and rising interest rates provide no comfort for the Chancellor as he considers how to respond to public sector wage demands.
The coronavirus (COVID-19) is driving major changes in the public sector and dramatically affecting public finances. Find out more about what is happening and how it may affect you.
A slightly higher fiscal deficit for May and rising interest rates provide no comfort for the Chancellor as he considers how to respond to public sector wage demands.
Will COVID-19 make lasting changes to tax and public spending policy?
The Department for Health has £4bn of PPE in storage that will never be used, Public Accounts Committee report finds.
Our chart this week highlights how every single region and nation in the UK was in deficit in the first fiscal year of the pandemic.
A £7bn downward revision in the deficit for the year to March 2022 is seen as helpful to the government in the context of a likely windfall tax on energy companies.
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Angela Clegg outlines changes scheduled for April 2022 involving uncertain tax treatments, plastic packaging tax, residential property developer tax, MTD for VAT, trading licences, QAHCs, reliefs for the creative sector, tonnage tax, and national insurance.
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Graham Steele and Will Simpson take a deeper look at the Autumn Budget changes and outline how creative organisations can benefit.
The Institute for Fiscal Studies reports that local authority finances are faring better than predicted – however, topline numbers mask significant variations, with smaller councils bearing the brunt of spending increases.
Our first chart of 2022 highlights how the cost of government borrowing remains extremely low for most of the 21 largest economies in the world, despite the huge expansion in public debt driven by the pandemic.
The impact of COVID-19 continues to cast a shadow over the UK tax system, says Head of Tax Faculty Frank Haskew as he takes a look back at the previous year and predicts what is in store for the months ahead.
The Bank of England sets out series of measures to help keep firms in business and people in jobs.
Government Stimulus tracker created by KPMG providing an overview of government measures and economic aid packages around the world in response to COVID-19. Summaries are given for each country or jurisdiction with general information, tax measures, economic stimulus measures, employment-related measures, customs measures, and other aid.
Research and analysis from the Institute for Fiscal Studies (IFS) on the effect of the coronavirus on the UK economy and the public finances.
Latest data and analysis on coronavirus (COVID-19) in the UK and its effect on the economy and society.
IMF coronavirus hub analysing policy actions being taken by governments around the world.
Regularly updated information and analysis of UK government coronavirus contracts and spending. It covers value of contracts awarded, contract awards by level of government, and top suppliers.
A Q&A issued by the International Public Sector Accounting Standards Board (IPSASB) highlighting the financial reporting issues associated with government responses to the coronavirus, the relevant IPSAS and other existing guidance.
Research briefing looking at the effect of the coronavirus and policy responses on the UK economy and public finances.
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