Punishing week on bond markets ends with UK government borrowing costs significantly higher
Rising gilt yields mean government departments may face further squeeze
Rising UK borrowing costs raise risk that chancellor will have to impose tighter fiscal policy as soon as March
SEN spending and higher wages leave headteachers facing ‘very tight’ accounts in 2025, says IFS
Below are full responses to the FT’s annual survey about the British economy
New public procurement rules set to allow more social enterprises and small businesses to bid in process
Funding for existing services would have helped more patients
Voluntary redundancies expected across Whitehall as departments respond to chancellor’s spending review
Downing Street says wages can rise above inflation only with productivity gains to match
Whitehall departments say rises of more than 2.8% for NHS staff and teachers in 2025-26 would be unaffordable
Treasury chief secretary Darren Jones launches line-by-line assessment to find 5% savings
Ministers told to make their case for money from tight public funds
Britain’s largest force plans for major cuts to staff and services if budget negotiations fail
Delay from planned spring 2025 Treasury announcement will extend period of uncertainty for government departments
Sue Carr says preventing full operating capacity at crown courts has had a ‘drastic effect’ in worsening backlogs
Health secretary Wes Streeting plans to name England’s failing trusts and sack poor bosses in bid to raise performance
Data suggests that the long-term drag on health service delivery may be finally lifting
Chancellor to set out reform to fragmented local authority funds in Mansion House speech
UK chancellor describes last week’s £40bn tax-raising Budget as a ‘one-off reset’ and one ‘we will never need . . . again’
OBR chair says relationship with finance ministry moving to ‘system of trust but verify’
Funding commitments raise questions over whether the money can deliver needed long-term transformation
Ceiling rises 20% over 5-year period to £200bn to avoid ‘having to take short-term decisions’
Increase driven by rising costs of keeping power stations on stand-by for when renewables produce less
Warnings that private sector investment will be crowded out by increased state spending
Findings of IFS think-tank come as Reeves acknowledges policies could dampen pay growth
