UK government department responsible for public finances, taxation, and economic policy, including regulation of financial services and markets.
Bank of England Deputy Governor Sarah Breeden says there is no need to rush a digital pound, with a decision due before the end of 2026. Sterling stablecoins were under $6 million of a $308 billion market in late 2025. The private money she points to is still thin.
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The IFS says inflation could force Chancellor John Healey to add up to £35bn to departmental budgets by decade-end, a bigger problem than borrowing costs. Headroom for 2029-30 slips only to about £20bn from £24bn, so the harder Budget call is on departmental spending.
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Chancellor John Healey may need an extra £25bn in 2029-30 to hold departmental budgets against war-driven inflation, by the IFS's estimate. He is not obliged to set spending totals in his 28 October Budget, so the choice between cuts and tax rises could wait until next year.
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Cmit, the LSE-led City taskforce, has asked Chancellor John Healey for pension tax breaks, including a dividend credit costing up to £742m a year. The measures aim to draw pension and ISA money into UK shares over years to 2042, so a board choosing between London and New York this year would still list into today's market.
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City minister Lucy Rigby says London's listing reforms are "not a job done", citing the £5.3bn Airtel Money IPO as a sign of "renewed momentum". For boards choosing a venue, the Treasury is signalling more reform but has not yet named a measure they could price.
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The TUC says cutting the bank surcharge from 8% to 3% in 2023 cost the UK £6bn over three years. It wants a higher rate at the 28 October budget, so bank finance teams have a scenario to price while the Treasury has not stated its intentions.
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Britain's Treasury named six banks, among them Barclays, HSBC and Morgan Stanley, to underwrite DIGIT, its first digitally native gilt, due by end-Q1 2027. The choice settles who sells sovereign debt onchain well before the bond's yield can show what onchain settlement costs.
Perspective Coverage
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About 45,000 Lifetime ISA savers paid withdrawal charges more than once in 2024/25, losing about £760 on average, HMRC figures obtained by Plum show. Savers can keep opening the old account, 25% charge included, until a Treasury replacement arrives on a date not yet set.
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NatWest is pulling back from US and European government bond markets, Bloomberg reported. How much dealer capacity leaves is unclear, because the 79.5 billion pounds of mostly sovereign bonds its markets arm holds is a liquidity buffer.
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Volkswagen Financial Services UK set aside £725m for the FCA's car finance redress scheme, turning a £110.3m profit into a £352.9m loss for 2025. The charge rests on rules the lender is contesting in court, so its final size and timing are not yet settled.
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Jon Dean closed Worcester's Alma Tavern this week and let 14 or 15 staff go, saying costs had consumed a turnover of about £800,000 a year. The Treasury says its rates cut saves thousands of pubs over £1,000 a year, about an eighth of one percent of that.
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Car lenders including Volkswagen's finance arm say in court filings that the FCA won't share the data and code behind its £9.1bn redress scheme. Consumer Voice is attacking the same calibration from the other side, demanding the FCA's Treasury correspondence.
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Chancellor John Healey is weighing more than £1bn of energy-bill support for the budget, mostly a £100 rise in the warm homes discount for benefit households. He is set to pass on his energy secretary's £3.2bn plan to strip levies from bills, while officials draft supplier pricing changes for after the budget.
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The proposed secondary objective arrives with an explicit stability carve-out and an annual report to Parliament, which leaves June's reserve rule, not the statute, as the number that prices a sterling stablecoin business.
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CI&T surveyed 350 UK payments professionals and found broad support for HM Treasury's National Payments Vision beside a confidence reading that swings with job title. The two figures together limit how large the confident group can be.
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Cardiff and UWE academics pulled five years of arrest records from 36 forces in England and Wales, where the age pattern is firm, while the warning about international students recruited as mules comes from officer interviews rather than counted cases.
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Andrew Bailey's August 28 letter names concentrated third-party providers as the fragile point and asks the sector to prove it can rebuild critical systems from bare metal. Supervisors will cite that wording long before any rule does.
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