Office For Budget Responsibility

UK government borrowing has exceeded official forecasts in March and for the full 2024-2025 fiscal year, intensifying pressure on public finances amidst a challenging economic outlook compounded by US tariffs. Data released by the Office for National Statistics (ONS) revealed a shortfall between gov

The UK's public sector net borrowing is estimated to have reached £34.1 billion in December 2020, £28.2bn more than in December 2019, which is both the highest December borrowing and the third-highest borrowing in any month since monthly records began in 1993.

The UK's budget deficit rose to £31.6 billion in November, the third-largest monthly budget deficit on record and the highest since May, according to the latest figures from the Office for National Statistics (ONS).

Halifax has estimated that house prices in the UK will drop by up to 5% next year as a result of rising unemployment and the end of the UK Government’s stamp duty holiday.

Sir George Mathewson, the former boss of the Royal Bank of Scotland, has urged the UK Government to write off all state-backed loans to businesses to give firms a better chance of survival during the coronavirus pandemic. Sir George said that the government should fund the giveaway through increased

The economic impact of the efforts to tackle the coronavirus pandemic could Scotland's Gross Domestic Product (GDP) fall by around a third, according to a report by the Scottish Government’s chief economist Gary Gillespie.