"The government borrowed a net total of £132bn for the financial year ending in March, slightly undershooting the £132.7bn forecast by the Office for Budget Responsibility."
"The Resolution Foundation has forecast that a worsening Middle East conflict could deal a £16bn hit to the UK's public finances by 2030, wiping out nearly three-quarters of Reeves' headroom."
The UK government borrowed a net total of £132bn for the financial year ending in March, which was below the £132.7bn target. This amount is £19.9bn less than the previous year's borrowing. In March, public sector net borrowing was £12.6bn, lower than expected. Rachel Reeves announced £26bn in tax rises to manage debt and spending. However, the ongoing conflict in the Middle East is projected to threaten fiscal headroom, potentially costing £16bn by 2030 and affecting future financial stability.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]