#un-budget-cuts

#un-budget-cuts

Facing a budget deficit that will rise to $1 billion, alongside significant cuts in federal and state funding, we have a choice: take action now or be forced to do twice as much in the coming years.

"BAWAG and Permanent TSB Group Holdings plc (PTSB) have agreed today, with the support of the Minister for Finance of Ireland who holds approximately 57.5pc of the shares in PTSB, the terms of a cash offer by BAWAG which has been recommended by PTSB's board of directors."

The Government is likely to cut excise duty by up to one-quarter at forecourt pumps next week, which could result in a reduction of nearly 33c per litre - but only for a month.

I was alarmed and made a point to the board that the review refers to Microsoft Copilot as being used to evaluate the returns. I don't think you can rely on artificial intelligence to do that. It's just wrong.

The apartment where the Austrian composer Franz Schubert died, the residence of Blue Danube writer Johann Strauss, as well as the house where Joseph Haydn lived are to be closed temporarily owing to cost-saving measures, the director of Vienna's museums announced on Wednesday. The closures are part of broader austerity measures that will also see the price of public transport in the Austrian capital rise by almost 30% for some tickets. We all have to economise, said Matti Bunzl, the head of public body the Wien Museum that oversees several historical sites in the Austrian capital.

The Prime Minister, Sebastien Lecornu, was given little chance of survival, let alone finding a budget deal, when he was appointed for a second time in October. He deserves some credit for backing the heavy truck of the French political system out of a cul-de-sac (English for voie sans issue). Otherwise, what have we learned? That France still refuses to face up to a deficit crisis a half-century in the making;

He managed to get a bill on social security spending approved by year end, but lawmakers have failed to reach a compromise on state expenses. Lécornu's office said late on Thursday that it would be "impossible to adopt a budget by a vote" and that it would be looking at two alternative options. One is to use a constitutional power under Article 49.3 to push the legislation through parliament without a vote, as for previous budgets.

A major row between government departments has broken out after the Department of Health and Social Care (DHSC) proposed cutting all its funding for physical education in schools, the Guardian understands. The DHSC is now intending to restore the funding despite insisting privately for weeks that it would end its contribution, until the Guardian contacted the department. Ministers are understood to have overruled the cuts.

Three Tri-Valley school districts are facing significant financial dilemmas heading into next year, with budget cuts and potential layoffs threatening to hit classrooms. Dublin, Pleasanton and Livermore schools are all grappling with multi-million dollar budget deficits in the 2026-27 school year, with the districts citing declining enrollment and decreased state and federal funding as having created budget holes that will likely lead to difficult decisions.

The board has a really hard decision to make to help balance the budget. They're trying as best they can to limit the cuts so they don't affect the classroom. One of the ways to do that is cut at the district office and cut ancillary services. That's why we also saw a restructuring of staff at the district office level.

My reforms changed the welfare system to make work pay and brought workless households to an all-time low. But because of the post-Covid collapse in vetting and rise of health-related welfare claims, millions of workers could take home more from welfare than wages after tax. This is an outrageous state of affairs. The system must stop writing off thousands every day and incentives to work need to be restored to end this ruinous waste of human potential.

"If we don't get what we need [in terms of extra government help] then a Section 114 Notice will come in, which is effective bankruptcy. We'd then get administrators come in, in effect - they'd then make a plan for where the money gets spent in Worcestershire. It would be a catastrophe. We're going to have to halt projects that were put into the budget by the previous administration, things that maybe were 'nice to have', but we can't afford them."