Burnham and Healey face a Budget crunch with UK borrowing costs stuck at highest level for almost 30 years

The rate demanded by investors to buy UK debt has been driven up by persistent inflation, high borrowing levels and political instability.

Chancellor says he wants everyone from apprentices to senior economists to take part in brainstorming exercise John Healey has asked junior Treasury staff – including IT workers and apprentices – to send him ideas for his October budget, saying he will listen to all suggestions regardless of grade or profession. The ch

The rate demanded by investors to buy UK debt has been driven up by persistent inflation, high borrowing levels and political instability.

PM will deliver his first Autumn Budget with Chancellor John Healey on October 28.

Things are about to heat up in the UK Treasury as Chancellor of the Exchequer John Healey gears up for his first budget during a crucial autumn for the governing Labour Party.

ANDY Burnham is set to meet John Swinney at a summit of the UK's devolved governments after facing criticism for completely avoiding Scotland during his so-called "listening tour" of the UK.