The economy

IFS: Chancellor may lower spending plans in the Autumn Budget

Spending may be cut to achieve the Chancellor's budget surplus.

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Inflation rises in August to 3.2%

End to pandemic-related subsidisation pushes up food prices.

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EVs could 'create £30bn tax hole'

Calls for new road pricing system to replace fuel duty.

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Government borrowing shrinks in July 2021

Borrowing is second highest on record for that month.

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Inflation slows more sharply than forecast

Year to July 2021 inflation rate hovers above 2% target.

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Startups outstrip business closures in 2021

Business start-ups in 2021 up by 22% from previous year.

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