UK borrowing reached £17.8bn in December, which was the highest figure for the month in four years, putting further pressure on Chancellor Rachel Reeves.
GDP inched forward by just 0.1% in November in new blow for Rachel Reeves - The growth will do little to ease fears of a technical recession for the UK economy over the winter
Rachel Reeves has insisted the UK would continue to meet her “fiscal rules”, describing them as the “bedrock” of economic stability.
Rachel Reeves has found brief respite this morning, with the Office for National Statistics confirming that inflation dipped to 2.5 per cent in the 12 months to December, down from
Chancellor Rachel Reeves speaks to the media as it is revealed the UK economy sees weaker-than-expected growth in November. The Office for National Statistics (ONS) estimated the UK economy grew in November by 0.
The rate of UK unemployment rose to 4.4% in the three months to November from 4.3% in the three months to October, the Office for National Statistics said, in a fresh blow to Rachel Reeves.
UK Chancellor favours proposals by the financial regulator for banks to take more risks to boost home ownership
Chancellor faces accusations that her Budget hit economic growth with the £25 billion hike in National Insurance on employers
Compulsory liquidations of UK companies hit a decade-high last year following a late surge in the wake of Rachel Reeves’s record tax raid in the Budget, official figures show...
The chancellor is weathering choppy economic waters – but the roots of these date back much further than Reeves’ time in the job.
The Treasury borrowed more than expected last month to record the highest December sum for four years, official figures have shown, with higher debt interest payments adding to the bill. The Office for National Statistics (ONS) reported a net borrowing figure for December of £17.
Ms Reeves headed for the Swiss mountain resort for the annual gathering of the World Economic Forum as it was claimed that the UK was also heading for a 'debt death spiral'.