UK chancellor in his keynote speech to Conservative party conference outlines a “pragmatic” approach after ripping up George Osborne fiscal policy of having a surplus by 2020

PHILIP HAMMOND has said that he will rip up his predecessor George Osborne’s target of having a surplus by the end of this parliament, and instead focus on infrastructure projects to boost the economy.

Finance secretary promises to defend key services as Westminster cuts handed down

THE SCOTTISH GOVERNMENT'S Finance Secretary John Swinney has warned of "tough choices" for Scottish public spending as a result of Westminster cuts.

Swinney made the comments ahead of his unveiling of the Scottish Budget on Wednesday (16 December). Between 2010 and 2019 funding available to Scotland will have shrunk by 12.5 per cent in real terms.