Government borrowing in August falls less than expected romseyadvertiser.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from romseyadvertiser.co.uk Daily Mail and Mail on Sunday newspapers.
Government borrowing smashes expectations but debt-to-GDP highest since 1960s cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
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UK PUBLIC services will be slashed by up to £17 billion, the influential Institute for Fiscal Studies (IFS) has warned, as Tory chancellor Rishi Sunak sets out to achieve his goal of âbalancing the booksâ over government spending.
The IFS said the government was on track to spend between £14bn and £17bn less each year on a range of public services from April 2022, compared to what was planned before the Covid-19 pandemic hit an already collapsing UK economy last year.
Sunakâs savage cuts to public services will be officially revealed when Parliament resumes from summer recess in September.
Sunak forced to hike taxes or cut spending, warns IFS telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.