Labour plan to insulate 19m homes thrown into doubt over debt fears
Party officials confirm it might not spend £6bn promised if it breaks fiscal rules, while government claims it will cost twice that
Source: theguardian.com
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Labour's insulation policy will cost up to £13bn a year, Treasury claims
Labour’s plan to improve energy efficiency across millions of homes would cost more than double the amount the party has claimed, an analysis by Treasury officials has found.
Source: yahoo.com
U.K. chancellor during 2008 financial crisis dies at 70
Alistair Darling, a central figure in the U.K.’s response to the 2008 financial crisis who later helped organize the campaign against Scottish independence,...
Source: marketwatch.com
Borrowing big comes back to bite you, even when money is cheap
At £94 billion this year, the British government’s projected spending on debt interest is as much as it spends on the Department for Education. Since 2019 a c
Source: thetimes.co.uk
How Britain's creeping addiction to inflation-linked debt left us on the edge of crisis
Jeremy Hunt is celebrating inflation falling to a two-year low, giving him a boost less than a week before he delivers what could be his last Autumn Statement. Lower inflation reduces the size of Britain’s debt interest bill because of the country’s inflation-linked bonds.
Source: yahoo.com