We check facts about the UK economy. This includes money issues like prices, taxes, jobs, people out of work, and housing. We also look at how these things are different in each part of the UK.
Economy, Business & Finance
Sir Iain Duncan Smith claimed the Bank of England sold ‘some £80 billion in gilts’ around the time of the mini-budget announcement on 23 September. This didn’t happen. Read
Economy, Business & Finance
Jacob Rees-Mogg strenuously denied that the new government policy proposal is a windfall tax during an appearance on the Today programme. Read
Economy, Business & Finance
Scotland produces about as much renewable electricity as the total amount of electricity it consumes—but it also generates electricity from nuclear power stations and fossil fuels. Read
Economy, Business & Finance
The level of public spending is higher than its level of contribution to the UK economy. Read
Economy, Business & Finance
Sir Keir Starmer said mortgages are going up as “a direct consequence” of the mini-Budget. But much of the rise estimated by Labour is due to rates climbing earlier. Read
Economy, Business & Finance
Claims that the government had spent £65 billion have been shared extremely widely on social media. Read
Economy, Business & Finance
The Chancellor was wrong to say that Labour left office with record unemployment. During this period unemployment peaked below the record level, set in 1984. Read
Economy, Business & Finance
We’ve looked into the figures behind a tweet from the Treasury showing how the mini-Budget could benefit a hypothetical first-time buyer. Read
Economy, Business & Finance
Income tax-payers across the income scale will benefit to some extent as a result of the Chancellor’s announcement—but higher earners will benefit much more. Read
Economy, Business & Finance
This figure is based on the amount a “typical” household with average use will pay—but total bills aren’t capped. Read
