Syndicate content

The economy

HMRC collects £27.9bn less tax

Tax revenues fall by 4.4% to £608.8bn.

Bank of England resists pressure to raise interest rates

Interest rates maintained at 0.1%.

'GDP back to pre-pandemic level by the end of 2021'

Better than expected growth to oversee economic recovery.

Price rises dip slightly in September

The CPIH rate of inflation fell 0.1% last month.

Economy inches towards recovery in August

Economy grows by 0.4% in August after -0.1% slump in July.

IFS: Chancellor may lower spending plans in the Autumn Budget

Spending may be cut to achieve the Chancellor's budget surplus.

Borrowing between April and August less than expected

Monthly borrowing remains above pre-pandemic levels.

Inflation rises in August to 3.2%

End to pandemic-related subsidisation pushes up food prices.

Economic recovery stalls in July

GDP grows by 0.1% in July 2021.

EVs could 'create £30bn tax hole'

Calls for new road pricing system to replace fuel duty.