The head of Britain’s budget watchdog warned that tax increases may not be enough to bring the UK’s spiraling debt burden ...

Reeves' fiscal rules have left space for longer term investments in infrastructure, although the planning reforms will take ...

Ruth Gregory of Capital Economics added: “All of this means that Reeves may not be too far away from having to raise money again in the Autumn Budget, by cutting spending and/or raising taxes ...

The UK budget deficit widened sharply in June, data from the Office for National Statistics showed Tuesday. Public sector net borrowing rose by GBP 6.6 billion from the previous year to GBP 20.7 ...

British finance minister Rachel Reeves said on Friday that she had nominated the chair of the Office for Budget Responsibility Richard Hughes to serve a second five-year term.