UK debt climbs to over 100% of GDP for first time in 60 years
Official figures showed higher spending on public services, while national debt hit levels last seen in the early 1960s.
Tag: rachel reeves
Rachel Reeves secures £8 billion investment from Amazon Web Services
"This £8 billion investment marks the start of the economic revival and shows Britain is a place to do business."
Jeremy Hunt’s face during humiliating showdown with Rachel Reeves becomes a viral meme
The ex-Chancellor was accused of making unfunded spending commitments and covering up a £22 billon black hole in the public finances.
Junior doctor pay deal ‘drop in the ocean’ compared to cost of strikes – Reeves
If accepted, the deal will see junior doctors’ pay rise by between 3.71% and 5.05% – averaging 4.05% – on top of their existing pay award for 2023/24.
OBR raises concerns over ‘transparency and credibility’ of Conservative’s spending plans
Rachel Reeves says she has uncovered a black hole in public finances that includes unfunded spending on the asylum system and transport.
Reeves warns of ‘difficult decisions’ on tax, blaming £22bn black hole on Tories
The Chancellor removed winter fuel payments from wealthier pensioners and took the axe to transport projects.
Rachel Reeves details the scale of Tory financial recklessness
The overspend on the asylum system, including the "failed" Rwanda plan, was more than £6.4 billion for this year alone.
CONFIRMED: Appointment of Covid corruption commissioner ‘within weeks’
“I will not tolerate waste. I will treat taxpayers’ money with respect and I will return stability to our public finances."
Rachel Reeves hints at above inflation public sector pay rises
The Chancellor said a decision will be made soon amid reports of a recommended 5.5% rise for teachers and NHS staff.