Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • Middle East states set for $1.3tn oil windfall, says IMF
    • Trump’s turmoil poses a conundrum for Republicans
    • Covid can cause brain disorders two years after infection, study shows
    • Finland prime minister takes drugs test after party video
    • ‘You are not safe anywhere’: tourist woes dent China’s rebound
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Companies
      Sections
      • Companies Home
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
      Most Read
      • Mark Wahlberg-backed gym chain F45 goes from ab crunches to credit crunch
      • Revolutionary Crispr gene editing speeds from lab to treatment room
      • Bed Bath & Beyond shares plummet after Ryan Cohen confirms stake sale
      • How Tiger Global withdrew its claws when the tech bubble burst
      • Buffett’s Berkshire Hathaway wins approval to buy up to half of Occidental
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      • Cryptofinance
      Most Read
      • University student makes $110mn trading meme stock favourite Bed Bath & Beyond
      • Middle East states set for $1.3tn oil windfall, says IMF
      • A winter energy reckoning looms for the west
      • Ken Griffin’s Citadel Securities borrows $600mn as trading revenues surge
      • Bed Bath & Beyond shares plummet after Ryan Cohen confirms stake sale
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
      Most Read
      • A winter energy reckoning looms for the west
      • Soaring rental car costs make taxis a better travel option
      • Russia’s economy is staggering, but still on its feet
      • It’s time for Europe to ask Norway to cut the price of gas
      • The energy bills emergency has barely begun
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      Most Read
      • Business Book of the Year 2022 — the longlist
      • FT business books: what to read this month
      • Michelle O’Neill: ‘What I won’t allow is the unravelling of the Good Friday Agreement’
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • A new strain of avian flu is decimating wild birds. Humans should worry
      • Salman Rushdie and the sacred right to irreverence
      • Starling Bank’s Anne Boden: ‘I was ashamed to be a banker’
      • ‘House of the Dragon’ review — orgies, gore and family feuds in ‘Game of Thrones’ prequel
      • The brands behind the great glasses revolution
    • HTSI
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    Your guide to a disrupted world

    Start a 4-week trial

    UK government spending

    Add to myFT Digest

    Add this topic to your myFT Digest for news straight to your inbox

    • Thursday, 4 August, 2022
      Bain & Co Inc
      Bain considers legal action against UK over state contract ban

      Management consultancy looks at options after minister’s decision caught it by surprise

    • Thursday, 4 August, 2022
      OutlookJennifer Williams
      ‘Levelling up’ has been sidelined by Truss and Sunak

      It may have been a slippery election slogan, but the regional inequality it purported to solve is all too real

    • Monday, 1 August, 2022
      UK schools
      Schools spending in England ‘not on track’ to return to 2010 levels

      IFS warns salary increases and rises in energy and catering costs will hit budgets

    • Thursday, 28 July, 2022
      The FT ViewThe editorial board
      Tory candidates need to offer a prescription for NHS ills

      The Conservative party leadership debate should move beyond fiscal policy to other key areas

    • Tuesday, 26 July, 2022
      MPs criticise award of £777mn Covid contracts to medical group Randox

      ‘Impossible to have confidence’ deals issued to diagnostics company were done properly, says committee report

    • Monday, 25 July, 2022
      UK Treasury blocks ‘non-essential’ overseas aid payments

      Action taken over fears Ukraine relief will breach spending cap but ex-minister says it will ‘cost lives’

    • Tuesday, 19 July, 2022
      News in-depthUK public services
      UK government produces public sector pay offer that pleases no one

      Partial concession leaves workers unhappy and managers facing tough decisions

    • Thursday, 7 July, 2022
      UK public finances
      UK public finances on ‘unsustainable path’, says OBR

      Report by fiscal watchdog knocks hopes of Tory MPs calling for further tax cuts

    • Tuesday, 28 June, 2022
      Climate change
      ‘Scant evidence’ of UK government implementing climate change targets, say advisers

      Independent committee’s report points to shortcomings on net zero-related emissions reductions

    • Tuesday, 28 June, 2022
      UK defence spending
      UK defence secretary urges boost to military spending

      Ben Wallace wants ‘peace dividend’ invested as head of army condemns ‘brutal aggression’ in Ukraine

    • Tuesday, 28 June, 2022
      News in-depthUK public finances
      Why the inflation boost to UK public finances is unlikely to last

      Chancellor will face hard choices as rising debt interest payments, falling wages and pressure on services bite

    • Thursday, 23 June, 2022
      Cost of living crisis
      UK explores 5% pay rises for public sector workers

      Ministers examine more generous deals because of concern about strikes

    • Friday, 10 June, 2022
      UK public services
      Johnson’s plan to cut civil service risks ‘adverse impacts’, memo says

      Departments will need to ‘consider reprioritisation’ of existing plans, say Treasury and Cabinet Office

    • Friday, 3 June, 2022
      Data PointsJohn Burn-Murdoch
      How to fix Britain’s chronically ill healthcare system

      The NHS needs long-term investment to build capacity and a shift in the balance away from hospital treatment

    • Thursday, 19 May, 2022
      Sebastian Payne
      Boost to benefits is right way to help the cost of living crisis

      The Treasury may resist but Conservative MPs are increasing their demands to restore the uplift to universal credit

    • Friday, 13 May, 2022
      Civil Service UK
      Johnson sets out plans to cut up to 90,000 civil servants

      PM tells cabinet ministers to reduce departmental staffing levels in push to lower government spending

    • Thursday, 28 April, 2022
      US politics & policy
      White House makes last push to save some of Build Back Better bill

      Lawmakers drop spending commitments and focus on deficit reduction to win over centrists

    • Wednesday, 27 April, 2022
      Coronavirus economic impact
      UK launches fraud squad to hunt down lost Covid billions

      Treasury to spend £25mn on new task force of data experts and investigators to be set up by summer

    • Sunday, 17 April, 2022
      The FT ViewThe editorial board
      Living with Covid still has a cost

      UK government should recognise the burden of the virus on healthcare, business and schools

    • Wednesday, 13 April, 2022
      Brexit
      UK fund fails to match EU development money, say Scotland and Wales

      Government accused of leaving devolved nations with ‘less say, over less money’ after announcing £2.6bn post-Brexit scheme

    • Thursday, 31 March, 2022
      UK inflation
      UK civil servants face real terms pay cut in 2022-23 as living costs soar

      Government guidance for below-inflation pay rise will leave many public sector workers worse off

    • Tuesday, 29 March, 2022
      Billions still at risk from Covid PPE contracts, says UK spending watchdog

      Fraud and error set to account for 0.5-5% of government spending on health equipment during pandemic

    • Tuesday, 29 March, 2022
      National Health Service
      Public satisfaction with the NHS falls to 25-year low across Britain

      Dissatisfaction rises during the pandemic driven by concerns over waiting times, staff shortages and lack of funding

    • Monday, 28 March, 2022
      Sebastian Payne
      London shouldn’t be levelled down as the UK is levelled up

      The capital’s new railway highlights woes elsewhere and is a provocation to some

    • Thursday, 24 March, 2022
      UK watchdog criticises ‘inadequate’ paper trail on Randox contracts

      NAO finds no evidence of impropriety in Covid testing deals but health department documentation was lacking

    Previous page You are on page 1 Next page

    Useful links

    Support

    View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

    Legal & Privacy

    Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

    Services

    Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT ChannelsSecondary Schools

    Tools

    PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

    Community & Events

    FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

    More from the FT Group

    Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
    The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
    Financial Times

    International Edition

    Subscribe for full access
    • Switch to UK Edition
    • Top sections
    • Home
    • World
      • Global Economy
      • UK
      • US
      • China
      • Africa
      • Asia Pacific
      • Emerging Markets
      • Europe
      • War in Ukraine
      • Americas
      • Middle East & North Africa
      • Australia & NZ
    • US
      • US Economy
      • US Companies
      • US Politics & Policy
    • Companies
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
    • Tech
    • Markets
      • Alphaville
      • Markets Data
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      • Cryptofinance
    • Climate
    • Opinion
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
    • Work & Careers
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
    • Life & Arts
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
    • Personal Finance
      • Property & Mortgages
      • Investments
      • Pensions
      • Tax
      • Banking & Savings
      • Advice & Comment
      • Next Act
    • HTSI
    • Special Reports
    • FT recommends
    • Lex
    • Alphaville
    • Lunch with the FT
    • FT Globetrotter
    • #techAsia
    • Moral Money
    • FTfm
    • Newsletters
    • Video
    • Podcasts
    • News feed
    • FT Community
      • FT Live
      • FT Forums
      • Board Director Programme
    • myFT
    • Portfolio
    • Today's Newspaper (ePaper)
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In