The economy

Fact checks about the economy, covering levels of inequality, prices, taxation, employment, unemployment and housing across the UK nations and regions

26 September 2022

The deficit is lower than it was 12 years ago

Labour shadow chancellor Rachel Reeves said in a speech that the Conservative government had not got the deficit down during 12 years in power. This isn’t true.

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The deficit is lower than it was 12 years ago
26 September 2022

Liz Truss wrong to claim ‘no household’ will pay more than £2,500 on energy bills

During an interview on CNN the Prime Minister claimed ‘nobody’ would have to pay more than £2,500 in energy bills. Per the government’s own figures, this isn’t true.

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Liz Truss wrong to claim ‘no household’ will pay more than £2,500 on energy bills
23 September 2022

Ed Davey left out important context about energy bills

Yes, annual household bills will rise about £500 in October, but people will also receive a £400 discount under the Energy Bills Support Scheme.

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Ed Davey left out important context about energy bills
22 September 2022

Health secretary’s claim on health spending fact checked

Dr Thérèse Coffey said health and social care account for 40% of government day-to-day spending. That’s only true if you don’t count spending on things like pensions.

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Health secretary’s claim on health spending fact checked
16 September 2022

How much will the Queen’s funeral cost?

There is no official estimate for how much the state will pay for the funeral, or its wider economic impact. Royal funerals in the past have cost up to about …

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How much will the Queen’s funeral cost?
14 September 2022

The government hasn’t proposed banning unions

Digitally manipulated images designed to look like the government website have been shared hundreds of times online.

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The government hasn’t proposed banning unions
13 September 2022

Real terms business investment has not fallen by 20% since Brexit

Claims that business investment has fallen by 20% since Brexit refer to the difference between current business investment and projections based on pre-referendum trends.

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Real terms business investment has not fallen by 20% since Brexit
2 September 2022

Telegraph miscalculates the cost of working from home

Its estimate that on average working from home will add £2,500 a year to energy bills was flawed, and there are other questions around its calculations too.

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Telegraph miscalculates the cost of working from home
31 August 2022

No plans for Starbucks to go cashless across the UK

Claims that the coffee chain is due to go cashless in October have been shared thousands of times.

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No plans for Starbucks to go cashless across the UK
26 August 2022

Labour’s £29 billion plan would not fully cover the cost of freezing the energy price cap

Freezing the price cap would require roughly £8 billion more funding, according to the IFS.

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Labour’s £29 billion plan would not fully cover the cost of freezing the energy price cap

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