Higher pay and benefits drives government borrowing higherUK government borrowing rose to £151.9 billion, exceeding forecasts, largely due to increased spending driven by inflation.
Fall in hiring raises recession alarms as Reeves confronts 15bn fiscal gapThe UK's labour market decline raises recession fears, prompting concerns over business hiring and fiscal strategies.
Spring Statement March 2025 - will taxes go up and will there be more cuts?The Spring Statement focuses on balancing fiscal responsibilities amid economic challenges, with a particular emphasis on benefit reforms.
UK annual borrowing exceeds forecasts by almost 15bnUK borrowing has significantly overshot forecasts, indicating possible future tax hikes or public spending cuts.
Reeves plans billions in benefits and other spending cutsMajor cuts to public spending are planned ahead of the Spring Statement, amidst economic challenges and rising costs.
Chancellor's Spring Statement has bond investors on red alert - London Business News | Londonlovesbusiness.comChancellor Reeves faces a challenging fiscal landscape, balancing growth and discipline amidst investor caution and rising debt.
Higher pay and benefits drives government borrowing higherUK government borrowing rose to £151.9 billion, exceeding forecasts, largely due to increased spending driven by inflation.
Fall in hiring raises recession alarms as Reeves confronts 15bn fiscal gapThe UK's labour market decline raises recession fears, prompting concerns over business hiring and fiscal strategies.
Spring Statement March 2025 - will taxes go up and will there be more cuts?The Spring Statement focuses on balancing fiscal responsibilities amid economic challenges, with a particular emphasis on benefit reforms.
UK annual borrowing exceeds forecasts by almost 15bnUK borrowing has significantly overshot forecasts, indicating possible future tax hikes or public spending cuts.
Reeves plans billions in benefits and other spending cutsMajor cuts to public spending are planned ahead of the Spring Statement, amidst economic challenges and rising costs.
Chancellor's Spring Statement has bond investors on red alert - London Business News | Londonlovesbusiness.comChancellor Reeves faces a challenging fiscal landscape, balancing growth and discipline amidst investor caution and rising debt.
China sets 5 percent growth target despite trade war with USChina is shifting focus to domestic demand for economic growth amidst a trade war with the US.
Cutting waste' or more tax: how Reeves could appease OBR in spring statementChancellor Rachel Reeves is facing significant financial pressures that may impact her fiscal policies amid rising borrowing costs and lower economic growth.
Assessing the whirlwind of housing policy changes in 2025Administration's focus on controlling mortgage rates is encouraging but not indicative of an effort to slow the economy.
Lander: NYC must bolster its financial reserve to avoid major recessionNYC must prepare for economic impacts of Trump's tariffs by bolstering rainy-day funds and reserves, warns Comptroller Brad Lander.
Trump Brings Britain's 'Moron Premium' to the U.S. EconomyThe UK government's 2022 financial missteps serve as a warning to America about the risks of reckless fiscal policies.
Study: Portland region benefits state, but is it a fair deal?Portland region is crucial to Oregon's economy, raising questions about fairness in fiscal contributions.
China sets 5 percent growth target despite trade war with USChina is shifting focus to domestic demand for economic growth amidst a trade war with the US.
Cutting waste' or more tax: how Reeves could appease OBR in spring statementChancellor Rachel Reeves is facing significant financial pressures that may impact her fiscal policies amid rising borrowing costs and lower economic growth.
Assessing the whirlwind of housing policy changes in 2025Administration's focus on controlling mortgage rates is encouraging but not indicative of an effort to slow the economy.
Lander: NYC must bolster its financial reserve to avoid major recessionNYC must prepare for economic impacts of Trump's tariffs by bolstering rainy-day funds and reserves, warns Comptroller Brad Lander.
Trump Brings Britain's 'Moron Premium' to the U.S. EconomyThe UK government's 2022 financial missteps serve as a warning to America about the risks of reckless fiscal policies.
Study: Portland region benefits state, but is it a fair deal?Portland region is crucial to Oregon's economy, raising questions about fairness in fiscal contributions.
Keir Starmer faces backbench rebellion over shortsighted' cuts to aid budgetLabour MPs are rebelling against significant cuts to the international development budget to fund increased defense spending.
Rachel Reeves signals no change on welfare cutsLabour calls for urgent welfare reform amid rising costs and proposed cuts, stressing the system's current inefficiency.
Reeves's dilemma: break your tax pledges or cast Labour adrift from its principles | Heather StewartLabour faces a conflict between tax pledges and the need for welfare cuts due to economic challenges.
The Observer view on the spring statement: Rachel Reeves balanced the books but at whose expense? | Observer editorialThe British economy under Labour faces significant challenges, necessitating careful fiscal strategies to restore stability and confidence.
Reeves to raise spectre of Liz Truss to persuade Labour MPs to accept cutsRachel Reeves defends public spending cuts by citing the fallout from Liz Truss's mini-budget, urging Labour to prioritize fiscal responsibility.
As Labour frustration grows, could OBR forecasts be cut to once a year?Labour's stance on the Office for Budget Responsibility has shifted from support to skepticism amidst fiscal challenges and frustration over its forecasts.
Keir Starmer faces backbench rebellion over shortsighted' cuts to aid budgetLabour MPs are rebelling against significant cuts to the international development budget to fund increased defense spending.
Rachel Reeves signals no change on welfare cutsLabour calls for urgent welfare reform amid rising costs and proposed cuts, stressing the system's current inefficiency.
Reeves's dilemma: break your tax pledges or cast Labour adrift from its principles | Heather StewartLabour faces a conflict between tax pledges and the need for welfare cuts due to economic challenges.
The Observer view on the spring statement: Rachel Reeves balanced the books but at whose expense? | Observer editorialThe British economy under Labour faces significant challenges, necessitating careful fiscal strategies to restore stability and confidence.
Reeves to raise spectre of Liz Truss to persuade Labour MPs to accept cutsRachel Reeves defends public spending cuts by citing the fallout from Liz Truss's mini-budget, urging Labour to prioritize fiscal responsibility.
As Labour frustration grows, could OBR forecasts be cut to once a year?Labour's stance on the Office for Budget Responsibility has shifted from support to skepticism amidst fiscal challenges and frustration over its forecasts.
HSBC downgrades U.S. stocks, sees 'better opportunities elsewhere'HSBC downgrades U.S. equities due to tariff uncertainty while favoring European stocks bolstered by Germany's fiscal reform changes.
Italy warns against counter-tariffs on US, calls for budget leewayItalian Economy Minister warns against retaliatory tariffs on the US, advocating for de-escalation and flexibility in EU fiscal rules in response to economic downturns.
Investors Seeking Safety Look to German Government BondsGermany's fiscal conservatism is now an asset as investors seek safety in bunds amid global market instability.
HSBC downgrades U.S. stocks, sees 'better opportunities elsewhere'HSBC downgrades U.S. equities due to tariff uncertainty while favoring European stocks bolstered by Germany's fiscal reform changes.
Italy warns against counter-tariffs on US, calls for budget leewayItalian Economy Minister warns against retaliatory tariffs on the US, advocating for de-escalation and flexibility in EU fiscal rules in response to economic downturns.
Investors Seeking Safety Look to German Government BondsGermany's fiscal conservatism is now an asset as investors seek safety in bunds amid global market instability.
Trump wants to end the federal tax on Social Security benefits. Is that possible?Social Security benefits for middle- and upper-income taxpayers face taxation, sparking debate on President Trump's proposal to eliminate this tax.
Is Social Security a Ponzi scheme? The facts behind Elon Musk's claim - PoynterMusk controversially labeled Social Security a Ponzi scheme, sparking debate over its accuracy and implications for future funding.
Trump wants to end the federal tax on Social Security benefits. Is that possible?Social Security benefits for middle- and upper-income taxpayers face taxation, sparking debate on President Trump's proposal to eliminate this tax.
Is Social Security a Ponzi scheme? The facts behind Elon Musk's claim - PoynterMusk controversially labeled Social Security a Ponzi scheme, sparking debate over its accuracy and implications for future funding.
How does the US spend taxpayer money? What to know as DOGE and Elon Musk look for cuts - PoynterElon Musk aims to cut $1 trillion from the U.S. deficit to prevent bankruptcy, though challenges remain in doing so.
Government revenue and spending diagramThe U.S. government faces a $1.8 trillion deficit in 2024 due to higher expenditures than revenues.
How the Trump Administration Is Taxing the IRSCuts to the IRS are expected to cost the U.S. government trillions in lost revenue, adversely affecting essential services and increasing deficits.
Blow up Albany: Democrats' budget 'debate' is all about how fast to ruin the stateNew York's state lawmakers are exacerbating budget issues with plans for increased spending and taxes despite a looming $18.2 billion deficit.
U.S. budget deficit for Trump's first full month in office hits $307 billionThe U.S. budget deficit reached $307 billion in February 2025, driven by record outlays despite increased receipts.
Alarming report shows US drowning in red ink - as Democrats block spending cutsThe government faces an $838 billion cash shortfall, highlighting a significant fiscal challenge that may exceed previous deficits.Democrats oppose Trump’s proposed spending cuts, fearing they may exacerbate the federal financial crisis.
How does the US spend taxpayer money? What to know as DOGE and Elon Musk look for cuts - PoynterElon Musk aims to cut $1 trillion from the U.S. deficit to prevent bankruptcy, though challenges remain in doing so.
Government revenue and spending diagramThe U.S. government faces a $1.8 trillion deficit in 2024 due to higher expenditures than revenues.
How the Trump Administration Is Taxing the IRSCuts to the IRS are expected to cost the U.S. government trillions in lost revenue, adversely affecting essential services and increasing deficits.
Blow up Albany: Democrats' budget 'debate' is all about how fast to ruin the stateNew York's state lawmakers are exacerbating budget issues with plans for increased spending and taxes despite a looming $18.2 billion deficit.
U.S. budget deficit for Trump's first full month in office hits $307 billionThe U.S. budget deficit reached $307 billion in February 2025, driven by record outlays despite increased receipts.
Alarming report shows US drowning in red ink - as Democrats block spending cutsThe government faces an $838 billion cash shortfall, highlighting a significant fiscal challenge that may exceed previous deficits.Democrats oppose Trump’s proposed spending cuts, fearing they may exacerbate the federal financial crisis.
Eurobonds: EU plans debt revolution to finance defense DW 03/12/2025EU member states mobilized $867 billion for defense rearmament, indicating a shift in fiscal policy towards increased military spending.
The Guardian view on defence spending: bold ideas needed to have guns as well as butter | EditorialLawless peace settlements lead to more conflict and Britain's austerity may hinder its defense capabilities against emerging threats.
The Guardian view on Friedrich Merz's grand coalition: gambling on a new centre ground | EditorialFriedrich Merz is expected to shift from Germany's previous fiscal conservatism towards increased government spending, particularly on defense.
How UK and EU could find more money for defence without spooking the marketsBritain's increase in defence spending faces challenges under current fiscal rules, with potential cuts required elsewhere.
Eurobonds: EU plans debt revolution to finance defense DW 03/12/2025EU member states mobilized $867 billion for defense rearmament, indicating a shift in fiscal policy towards increased military spending.
The Guardian view on defence spending: bold ideas needed to have guns as well as butter | EditorialLawless peace settlements lead to more conflict and Britain's austerity may hinder its defense capabilities against emerging threats.
The Guardian view on Friedrich Merz's grand coalition: gambling on a new centre ground | EditorialFriedrich Merz is expected to shift from Germany's previous fiscal conservatism towards increased government spending, particularly on defense.
How UK and EU could find more money for defence without spooking the marketsBritain's increase in defence spending faces challenges under current fiscal rules, with potential cuts required elsewhere.
GOP May Try to Pay for Tax Cuts With Unpopular TariffsTrump's tax cut extensions face strong public opposition prioritizing deficit reduction.Extending tax cuts may add $5.4 trillion to national debt, complicating fiscal goals.
Reconciliation is the key to unlocking Trump's agenda. Here's how it worksRepublicans are using budget reconciliation to pass legislation aimed at advancing Trump's agenda.
Republicans Want to Make the Trump Tax Cuts Last ForeverRepublicans are looking to make Trump's tax cuts permanent without needing support from Democrats.
GOP Makes Dems Choose Their Poison: Shutdown or DOGE CutsHouse Republicans passed a funding bill reliant on assurances from Vice President Vance that the Trump administration would ignore it, revealing party divisions.
Trump Signs Order for Sovereign Wealth Fund and Says It Could Fund TikTok PurchaseTrump's executive order initiates a sovereign wealth fund to potentially finance the purchase of TikTok and other investments.
Trump's right to slim federal workforce, but he shouldn't rule out remote work | OpinionSupport for Trump's goal to reduce federal spending amid concerns over deficit levels.
GOP May Try to Pay for Tax Cuts With Unpopular TariffsTrump's tax cut extensions face strong public opposition prioritizing deficit reduction.Extending tax cuts may add $5.4 trillion to national debt, complicating fiscal goals.
Reconciliation is the key to unlocking Trump's agenda. Here's how it worksRepublicans are using budget reconciliation to pass legislation aimed at advancing Trump's agenda.
Republicans Want to Make the Trump Tax Cuts Last ForeverRepublicans are looking to make Trump's tax cuts permanent without needing support from Democrats.
GOP Makes Dems Choose Their Poison: Shutdown or DOGE CutsHouse Republicans passed a funding bill reliant on assurances from Vice President Vance that the Trump administration would ignore it, revealing party divisions.
Trump Signs Order for Sovereign Wealth Fund and Says It Could Fund TikTok PurchaseTrump's executive order initiates a sovereign wealth fund to potentially finance the purchase of TikTok and other investments.
Trump's right to slim federal workforce, but he shouldn't rule out remote work | OpinionSupport for Trump's goal to reduce federal spending amid concerns over deficit levels.
7 Ways the US National Debt Impacts Your Daily LifeNational debt can adversely affect inflation, interest rates, and lead to financial crises.Government shutdowns occur due to debt ceiling conflicts, impacting employment and program efficacy.
This US President Increased the National Debt by Over 700%The national debt has significantly increased under recent U.S. presidents, impacting the economy and governmental responsibilities.
Watch: Starmer refuses to rule out further benefit cuts after Trump's tariffsThe UK government might consider additional benefit cuts due to fiscal pressures from Donald Trump's tariffs.
7 Ways the US National Debt Impacts Your Daily LifeNational debt can adversely affect inflation, interest rates, and lead to financial crises.Government shutdowns occur due to debt ceiling conflicts, impacting employment and program efficacy.
This US President Increased the National Debt by Over 700%The national debt has significantly increased under recent U.S. presidents, impacting the economy and governmental responsibilities.
Watch: Starmer refuses to rule out further benefit cuts after Trump's tariffsThe UK government might consider additional benefit cuts due to fiscal pressures from Donald Trump's tariffs.
Wildfires. Sex abuse lawsuits. Trump. L.A. County budget is under "enormous" pressureL.A. County contemplates a hiring freeze amid budget pressures from lawsuits and natural disasters.
Walters: If California bails out L.A.'s $1B deficit, it's a slippery slopeLos Angeles faces a $1 billion budget deficit exacerbated by overspending and external challenges like wildfires.
Wildfires. Sex abuse lawsuits. Trump. L.A. County budget is under "enormous" pressureL.A. County contemplates a hiring freeze amid budget pressures from lawsuits and natural disasters.
Walters: If California bails out L.A.'s $1B deficit, it's a slippery slopeLos Angeles faces a $1 billion budget deficit exacerbated by overspending and external challenges like wildfires.
The poor don't need Reeves's austerity. And neither does Britain | William KeeganRachel Reeves' fiscal rules may harm vulnerable communities by prioritizing tax increases and spending cuts during economic stagnation.
Public see Spring Statement as worst fiscal event since mini-budget - London Business News | Londonlovesbusiness.comPublic opinion is largely negative towards Chancellor's Spring Statement, with just 12% viewing it positively, reflecting dissatisfaction amid concerns for vulnerable groups.
Rachel Reeves to cut 1.5bn in civil service savings to balance public financesChancellor Rachel Reeves announces £1.5 billion in savings from civil service budgets, focusing on administrative cuts to prioritize frontline services.
Borrowing overshoot will test Rachel Reeves's resolve on tax risesRachel Reeves' belief in the need for spending cuts is reinforced by February's public finances data showing higher borrowing than expected.
The poor don't need Reeves's austerity. And neither does Britain | William KeeganRachel Reeves' fiscal rules may harm vulnerable communities by prioritizing tax increases and spending cuts during economic stagnation.
Public see Spring Statement as worst fiscal event since mini-budget - London Business News | Londonlovesbusiness.comPublic opinion is largely negative towards Chancellor's Spring Statement, with just 12% viewing it positively, reflecting dissatisfaction amid concerns for vulnerable groups.
Rachel Reeves to cut 1.5bn in civil service savings to balance public financesChancellor Rachel Reeves announces £1.5 billion in savings from civil service budgets, focusing on administrative cuts to prioritize frontline services.
Borrowing overshoot will test Rachel Reeves's resolve on tax risesRachel Reeves' belief in the need for spending cuts is reinforced by February's public finances data showing higher borrowing than expected.
New Yorkers must pray that the state budget standstill lasts for a good long timeGovernor Hochul's budget plans may deepen New York's financial crisis by disregarding federal cuts and proposing excessive spending.
Walters: Costly health care expansion worsens California's budget deficitCalifornia's projected $363 million surplus is misleading amid significant budget shortfalls and underlying financial mismanagement.
New Yorkers must pray that the state budget standstill lasts for a good long timeGovernor Hochul's budget plans may deepen New York's financial crisis by disregarding federal cuts and proposing excessive spending.
Walters: Costly health care expansion worsens California's budget deficitCalifornia's projected $363 million surplus is misleading amid significant budget shortfalls and underlying financial mismanagement.
Investors retreat from sterling ahead of spring statement and looming 15bn spending cutsInstitutional investors sold off pounds rapidly in anticipation of significant spending cuts.
Pound slumps as BoE's chief hawk calls for a double rate cut - London Business News | Londonlovesbusiness.comThe Bank of England's rate cut reflects a dire economic outlook, with growth projections lowered and inflation expectations heightened.
Investors retreat from sterling ahead of spring statement and looming 15bn spending cutsInstitutional investors sold off pounds rapidly in anticipation of significant spending cuts.
Pound slumps as BoE's chief hawk calls for a double rate cut - London Business News | Londonlovesbusiness.comThe Bank of England's rate cut reflects a dire economic outlook, with growth projections lowered and inflation expectations heightened.
US could hit debt ceiling as early as mid-July, study showsUS could default on $36 trillion debt by October without congressional action to raise debt ceiling.
Without Words!' House Dem Fumes Over GOP Wanting To Raise Debt Limit By $4 Trillion During Hearing on Government WasteRep. Melanie Stansbury criticizes House Republicans' plan to raise the debt ceiling amid rising inflation and neglect of economic responsibilities.
US could hit debt ceiling as early as mid-July, study showsUS could default on $36 trillion debt by October without congressional action to raise debt ceiling.
Without Words!' House Dem Fumes Over GOP Wanting To Raise Debt Limit By $4 Trillion During Hearing on Government WasteRep. Melanie Stansbury criticizes House Republicans' plan to raise the debt ceiling amid rising inflation and neglect of economic responsibilities.
HMRC begins the year with a record busting tax haul - London Business News | Londonlovesbusiness.comHMRC's January 2025 tax receipts reached a record £112bn, primarily driven by a surge in income tax collections.
HMRC's last tax statistics before the Spring Statement are looking optimistic for the Chancellor - London Business News | Londonlovesbusiness.comHMRC's tax receipts are up £11bn compared to last year, suggesting optimistic financial outlook for upcoming fiscal decisions.
HMRC begins the year with a record busting tax haul - London Business News | Londonlovesbusiness.comHMRC's January 2025 tax receipts reached a record £112bn, primarily driven by a surge in income tax collections.
HMRC's last tax statistics before the Spring Statement are looking optimistic for the Chancellor - London Business News | Londonlovesbusiness.comHMRC's tax receipts are up £11bn compared to last year, suggesting optimistic financial outlook for upcoming fiscal decisions.
U.S. Could Run Out of Cash by July, Analysis FindsThe U.S. may run out of cash by mid-July if the debt limit isn't raised.The X-date signifies when the U.S. might default on its obligations.
Elon Musk Gets Awkward Laughs With Tech Support' Joke in Cabinet Meeting AddressElon Musk humorously refers to his role as 'tech support' while addressing US fiscal challenges at Trump's Cabinet meeting.
U.S. Could Run Out of Cash by July, Analysis FindsThe U.S. may run out of cash by mid-July if the debt limit isn't raised.The X-date signifies when the U.S. might default on its obligations.
Elon Musk Gets Awkward Laughs With Tech Support' Joke in Cabinet Meeting AddressElon Musk humorously refers to his role as 'tech support' while addressing US fiscal challenges at Trump's Cabinet meeting.
Willingness to ease off debt brake' may decide the German electionGermany may loosen its fiscal discipline to stimulate economic growth and increase defense spending.
Debt brake: How this fiscal rule could shape Germany's electionThe debt brake is a central election issue in Germany that could impact future investment and economic growth.
The Australian economy has changed dramatically since 2000 - the way we work now is radically differentAustralia's economy has shown resilience due to effective management and external demand for minerals, consistently avoiding recession since the early 1990s.
Willingness to ease off debt brake' may decide the German electionGermany may loosen its fiscal discipline to stimulate economic growth and increase defense spending.
Debt brake: How this fiscal rule could shape Germany's electionThe debt brake is a central election issue in Germany that could impact future investment and economic growth.
The Australian economy has changed dramatically since 2000 - the way we work now is radically differentAustralia's economy has shown resilience due to effective management and external demand for minerals, consistently avoiding recession since the early 1990s.
The Guardian view on benefit cuts: these harmful changes must be fought | EditorialThe government is prioritizing cutting disability benefits instead of seeking new funds or tax increases.
Germany's Friedrich Merz faces rocky road to lift debt brake rulesFriedrich Merz seeks to reform Germany's fiscal rules to increase defense spending, but faces opposition from the Greens.The proposed reforms include setting up a €500 billion fund to improve infrastructure while supporting defense initiatives.
Germans Reach Deal to Spend Big on Defense, Climate and MoreMerz's deal with the Green Party signals a major shift in German fiscal policy toward increased spending on defense and climate initiatives.
German parliament to debate radical borrowing rule changes to boost defenceGermany's parliament debates a 500bn infrastructure fund to boost defense spending amidst political challenges and fiscal rule changes.
EU must brace for impact of Trump wrecking ball on global trading system | Heather StewartGermany's shift away from strict fiscal discipline could lead to significant increases in public spending for defense initiatives.
Germany's Friedrich Merz faces rocky road to lift debt brake rulesFriedrich Merz aims to increase defense spending by altering Germany's fiscal rules, but faces resistance from the Greens.
Military Keynesianism'? Reeves faces British defence dilemma after EU spending surgeShifts in European and British defense spending policies reflect changing geopolitical dynamics.Germany is set to boost defense spending by relaxing debt rules, contrasting with Britain’s more cautious approach.
Germany's Friedrich Merz faces rocky road to lift debt brake rulesFriedrich Merz seeks to reform Germany's fiscal rules to increase defense spending, but faces opposition from the Greens.The proposed reforms include setting up a €500 billion fund to improve infrastructure while supporting defense initiatives.
Germans Reach Deal to Spend Big on Defense, Climate and MoreMerz's deal with the Green Party signals a major shift in German fiscal policy toward increased spending on defense and climate initiatives.
German parliament to debate radical borrowing rule changes to boost defenceGermany's parliament debates a 500bn infrastructure fund to boost defense spending amidst political challenges and fiscal rule changes.
EU must brace for impact of Trump wrecking ball on global trading system | Heather StewartGermany's shift away from strict fiscal discipline could lead to significant increases in public spending for defense initiatives.
Germany's Friedrich Merz faces rocky road to lift debt brake rulesFriedrich Merz aims to increase defense spending by altering Germany's fiscal rules, but faces resistance from the Greens.
Military Keynesianism'? Reeves faces British defence dilemma after EU spending surgeShifts in European and British defense spending policies reflect changing geopolitical dynamics.Germany is set to boost defense spending by relaxing debt rules, contrasting with Britain’s more cautious approach.
Republicans eye full-year CR, while Democrats look to use shutdown fight to stop Trump's firingsLawmakers are divided on government funding strategies, with a year-long continuing resolution favored by Republicans and a short-term stopgap supported by Democrats.
Exclusive: Mary Meeker's serious warning for "USA Inc."The worsening fiscal health of the U.S. government threatens its ability to manage future economic and geopolitical challenges.
Scotland's public sector pay outpaces rest of UK, driving up wage billScottish public sector employees have received higher pay increases compared to the rest of the UK, impacting finances.
Exclusive: Mary Meeker's serious warning for "USA Inc."The worsening fiscal health of the U.S. government threatens its ability to manage future economic and geopolitical challenges.
Scotland's public sector pay outpaces rest of UK, driving up wage billScottish public sector employees have received higher pay increases compared to the rest of the UK, impacting finances.
Republicans Consider Lies to Hide Cost of Trump Tax CutsSenate Republicans may alter budget rules to hide the true cost of extending Trump's tax cuts.
Paying down the debt will help Americans VASTLY more than DOGE 'dividends'Trump's proposal to distribute savings from DOGE could worsen fiscal issues and reignite inflation.
Republicans Consider Lies to Hide Cost of Trump Tax CutsSenate Republicans may alter budget rules to hide the true cost of extending Trump's tax cuts.
Paying down the debt will help Americans VASTLY more than DOGE 'dividends'Trump's proposal to distribute savings from DOGE could worsen fiscal issues and reignite inflation.
Republicans Plan to Use a Budgeting Trick to Hide Deficit Created by Extending Trump Tax CutsRepublicans aim to alter CBO calculations to suggest Trump's 2017 tax cuts have no new cost, favoring the wealthy.
House Republicans Release a Roughly $3 Trillion Budget OutlineHouse Republicans outlined a plan for Trump's fiscal agenda, seeking $4.5 trillion in tax cuts while increasing the deficit by $3 trillion.
Republicans Plan to Use a Budgeting Trick to Hide Deficit Created by Extending Trump Tax CutsRepublicans aim to alter CBO calculations to suggest Trump's 2017 tax cuts have no new cost, favoring the wealthy.
House Republicans Release a Roughly $3 Trillion Budget OutlineHouse Republicans outlined a plan for Trump's fiscal agenda, seeking $4.5 trillion in tax cuts while increasing the deficit by $3 trillion.
Government's January surplus disappoints at 15.4bn, piling pressure on ChancellorThe government reported a surplus of £15.4 billion in January, lower than expected, raising fiscal concerns.
David Lammy says key projects in Ukraine, Gaza and Sudan to be protected as aid spending slashed UK politics liveThe accurate figure for the rise in defence spending is about £6 billion per year, contrary to the £13.4 billion initially stated by the PM.
Government's January surplus disappoints at 15.4bn, piling pressure on ChancellorThe government reported a surplus of £15.4 billion in January, lower than expected, raising fiscal concerns.
David Lammy says key projects in Ukraine, Gaza and Sudan to be protected as aid spending slashed UK politics liveThe accurate figure for the rise in defence spending is about £6 billion per year, contrary to the £13.4 billion initially stated by the PM.
Overnight Vote-a-Rama' in the Senate Frames a Contentious Budget DebateThe Senate is engaged in an intense budget debate that highlights partisan divisions over fiscal policy and priorities.
Why voters rejected BidenomicsBiden's economic policies have struggled, with inflation rising and manufacturing faltering, as argued by economist Jason Furman.
Trump rates policy comes into focusThe economy benefits more from deregulation and fiscal policies than from further rate cuts by the Fed.
Why voters rejected BidenomicsBiden's economic policies have struggled, with inflation rising and manufacturing faltering, as argued by economist Jason Furman.
Trump rates policy comes into focusThe economy benefits more from deregulation and fiscal policies than from further rate cuts by the Fed.
UK tax administration costs spiralling due to complex system, says watchdogThe UK tax system's complexity is driving up administration costs significantly for both the government and businesses.
Rightwinger Bart De Wever sworn in as Belgian prime ministerBart De Wever becomes Belgium's prime minister after a protracted coalition negotiation, signaling a rightward shift in the country's political landscape.