UK public finances
Coverage of UK public finances in the Nexus archive.
- VAT is Burnham’s best tax-raising tool if UK public finances go off track, says OECD
The OECD suggests VAT as Burnham’s best tax-raising tool if UK public finances face challenges, with a new report emphasizing spending restraint and ending the pensions triple lock as key long-term reforms.
- Labour should ditch triple-lock pensions promise, says OECD
The Organisation for Economic Cooperation and Development (OECD) has urged the UK Labour Party to abandon its triple-lock pensions promise, arguing it exacerbates public finances and creates significant fiscal risks. The policy, which annually increases the state pension by the highest of wage growth, inflation, or 2.5%, is criticized for straining UK public finances.
- Burnham insists he will be disciplined with UK public finances
Burnham, the Prime minister in waiting, insists on maintaining discipline with UK public finances. He also states he will adhere to Labour’s manifesto promises on tax.