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The Latest Breaking News on PM unveils five new pledges as he promises tax cuts ahead of Autumn Statement

UK budget deficit falls in June but experts say tax cuts are unlikely

Jeremy Hunt says government needs to keep fiscal discipline as it attempts to halve inflation

The Guardian - UK

London Underground strikes called off; UK government borrowing falls – as it happened

Planned tube strikes next week called off after talks breakthrough; government borrows £18.5bn in June, third-highest June borrowing on record

The Guardian - UK

Inflation relief means Rishi Sunak’s targets no longer seem so hard to hit

Annual rate is still four times the government’s objective but is below level expected by financial markets

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Labour may be unable to afford to reverse ‘lots of bad policies’, MP warns

Shadow culture secretary Lucy Powell said there is ‘no money left’ after 13 years of Conservative rule.

The Independent UK

OPINION - Pay rises for public sector workers (but tax rises for all)

So, the government has gone with option 1, sub-section c: accept the recommendations of the pay review bodies – with mostly no new money. This neatly avoids higher borrowing, inflation or taxation (more on that later), but means cash must be found from existing department budgets not exactly flush with…

Evening Standard

'It’s not about cuts': Rishi Sunak 'reprioritises' budgets to fund pay uplift

THE UK Government has agreed to give public sector staff a pay rise – but Rishi Sunak’s decision not to borrow to fund the increase could leave…

The National (Scotland)

Fast-rising borrowing costs putting UK public finances at great risk, warns OBR

Gloomy report says national debt could exceed 300% of GDP within next 50 years

The Guardian - UK

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OPINION - The Standard View: Higher taxes, more borrowing or cuts — the choice on public sector pay

“Treasury speak” is a branch of English spoken by just a handful of ministers and civil servants, and understood by even fewer. It is a world where “efficiencies” means “cuts”, “investment” means “spending” and the “long-term” is anything greater than five years out.

Evening Standard

Public-sector pay: where can Rishi Sunak find the cash to stop the strikes?

The government is expected to announce today whether it will approve pay increases of 6-6.5% for public-sector workers.

The Week

Jeremy Hunt to take ‘difficult but responsible’ decisions on public sector pay

Rishi Sunak and the Chancellor are set to announce decisions on pay for millions of public sector workers.

The Independent UK

Sunak and Hunt meeting to finalise public sector pay deals

The Prime Minister and Chancellor could face a backlash from unions if they reject the recommendations of pay review bodies.

The Independent UK

Pound hits 15-month high as UK GDP shrinks in May; sickness threat to economy – business live

UK GDP report for May shows that factory output and construction shrank during the month, with some blaming extra bank holiday

The Guardian - UK

The Guardian view on economic decline: Labour can break the doom loop

Editorial: Keir Starmer has earned the right to tell a different story about the way Britain’s economy can work

The Guardian - UK

Economic gloom looks likely to sink the Tories. But Labour is taking no chances

Come the general election, the worst of Britain’s pain may be over, so Starmer’s slow and steady approach is the right one, says Guardian economics editor Larry Elliott

The Guardian - UK

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The Independent UK

Angela Rayner and Oliver Dowden clash over Conservatives’ economic record

Rising bills, soaring mortgages and plummeting real wages are ‘pushing more families to the brink’, Labour deputy leader Angela Rayner warned.

The Independent UK

Sunak and Hunt yet to make final decisions on public sector pay awards

Decisions are expected within days on the recommendations of public sector pay review bodies.

Daily Record

Scots face massive council tax rises as government plans to charge highest bands more

Public finance minister Tom Arthur insisted the changes would make the council tax system "fairer".

The Independent UK

Truss’s taskforce claims average Briton £10,000 worse off than US counterpart

The Growth Commission launched on Wednesday, suggested ‘consistent growth levels’ of 3% by 2040 are achievable.

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Evening Standard

OPINION - The Standard View: Wage growth figures underline the need to focus on inflation

So much for team transitory. Average earnings excluding bonuses rose by 7.3 per cent in May, above forecast and in line with the previous reading. In other words, inflation appears to be bedding in.

Daily Record

West Council could be £94m in the red within 10 years

The local authority said there are many risks involved when predicting the budget shortfall

The National (Scotland)

Jeremy Hunt prioritises tackling inflation over tax cuts amid pressure from Tory MPs

JEREMY Hunt will say he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway.

The Independent UK

Hunt prioritises tackling inflation over tax cuts amid pressure from Tory MPs

Jeremy Hunt’s comments will irk some Conservatives pushing for a pre-election giveaway.

The Guardian - UK

UK tax cuts unlikely before election, says Jeremy Hunt

Chancellor calls on firms to tackle high prices as government remains far from pledge of halving inflation to 5%

Evening Standard

Chancellor downplays tax cuts and admits calming inflation tougher than feared

The Chancellor said he must ‘double down’ to bring down prices rather than increase demand in the economy

Edinburgh Live

West Lothian facing 'worst case' budget gap of £94m in a decade

After 15 years and £150m of cuts the next ten years could see the budget gap for the council climb to £94m with the attendant knock to services

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