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Government could save billions by cutting interest it pays to banks

The government could save billions by implementing a tiered reserves policy which would reduce the proportion of central bank reserves on which the Bank of England pays interest to the banking sector, says the New Economics Foundation. ....

United Kingdom , Paul Tucker , Dominic Caddick , Economics Foundation , European Central Bank , New Economics , Sir Paul , New Economics Foundation ,

New EU debt rules 'risk undermining climate goals'

According to a new report, fresh spending rules proposed by the EU Commission stand in the way of achieving climate goals. ....

Sebastian Mang , Dominic Caddick , European Court , International Monetary Fund ,

Tax rates set to rise most for the lowest earners

The freezing of tax-free allowances since 2021 will result in the effective tax rate rising five times more for lower earners compared to higher earners in three years, according to analysis from the New Economics Foundation. ....

Dominic Caddick , Economics Foundation , New Economics Foundation , Rishi Sunak , New Economics ,