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The Latest Breaking News from UK Treasury

Bank of Scotland fined for breaching Russia financial sanctions

The bank processed 24 payments to or from a current account held by a sanctioned individual, a Treasury body found.

Evening Standard

Major UK bank fined for breaching Russian sanctions

The bank processed 24 payments to or from a current account held by a sanctioned person

The Independent UK

UK Treasury chief will slash financial red tape to boost investment

Reeves set out the changes in her annual Mansion House speech to finance bigwigs in London, saying she was “rolling back regulation that has gone too far in seeking to eliminate risk”.

Euronews

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UK Treasury chief backs third runway at London's Heathrow Airport

U.K. Treasury chief Rachel Reeves says that the new Labour government is backing the construction of third runway at London’s Heathrow Airport

The Independent UK

Tulip Siddiq quits as Treasury minister amid corruption investigation

TULIP Siddiq has quit as UK Treasury minister, Number 10 has confirmed.

The National (Scotland)

UK Treasury Chief Raises Taxes, Warns Of Lower Wages

UK Treasury raises taxes by 40 billion pounds, affecting wage growth and public services. Potential future tax increases and spending concerns highlighted.

Top News

UK Treasury chief admits business tax rise could lead to lower than anticipated wages

U.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees

The Independent UK

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Concerns raised as Jim Murphy invites business chiefs to private Treasury meeting

FORMER Scottish Labour leader Jim Murphy invited business chiefs to a “private roundtable meeting” inside the UK Treasury headquarters last…

The National (Scotland)

UK Treasury chief signals tax cuts and a squeeze on welfare benefits are on the way

U.K. Treasury chief Jeremy Hunt says the government can afford to lower some taxes now that inflation is falling

The Independent UK

Free-market ex-UK Treasury chief Nigel Lawson dies

Nigel Lawson, the tax-cutting U.K. Treasury chief under the late Margaret Thatcher and a lion of Conservative politics in the late 20th century has died

The Independent UK

Freeport status should go to more than one port in Wales say Welsh Tories

Though some cross-party ministers have questioned the economic benefit of a freeport in Wales

Birmingham Post

Mark Drakeford says Wales cannot afford the money nurses are asking for

The First Minister placed the blame with the UK Government and said his government's hands are tied

Wales Online

Edinburgh asks Treasury to pay up after council foots bill for Queen's death events

THE City of Edinburgh Council has asked the UK Treasury for more than £500,000 to cover the costs of events to mark the Queens's death.

The National (Scotland)

UK Treasury joins chat app Discord and is met with torrent of abuse

Users on gamer-focused platform manage to respond to posts despite government blocking all comments

The Guardian - UK

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The Guardian - UK

Profits at world’s seven biggest oil firms soar to almost £150bn this year

Bumper earnings prompt calls for overhaul of UK windfall tax after Shell admission it will not pay any this year

The Independent UK

New UK Treasury chief insists Truss retains control

The new U.K. Treasury chief has insisted that Prime Minister Liz Truss retains control of her government despite having to roll back her signature economic policies weeks into her premiership

Birmingham Post

How soaring inflation is also hitting the Welsh Government

The Welsh Government's request for more UK Government funding is unlikely to be heeded.

The Independent UK

Boris Johnson faces Scottish independence referendum calls at final PMQs

The Prime Minister replied that Scotland was protected by the ‘massive fiscal firepower’ of the UK Treasury.

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Wales Online

Wales won't receive £43bn windfall from offshore windfarms, says Plaid Cymru

Instead, the billions made from proposed windfarms in the Welsh Celtic Sea will go to UK Treasury and the Royal Family

Belfast Live

Charities highlight need for cost-of-living payment

"There's just not enough to go around and that's for people who are working."

The National (Scotland)

Does the Queen own the Crown Estate? And why does that matter for independence?

The ownership of the Crown Estate is a legal minefield...

Daily Record

Household fuel bill rises will net UK Treasury £327m VAT windfall

Energy Action Scotland said UK authorities are set to make a fortune when gas and electricity prices go up at end of this month.

Daily Record

Cost of living crisis proves 2014 Union dividend 'was a lie', claims SNP MSP

A UK Treasury report insisted Scots would be better off if they voted No at the 2014 independence referendum - but that was before the current cost of living crisis.

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