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BRITAIN BUDGET DEFICIT
UK unveils tax-raising budget as growth downgradedBritain’s Labour administration has rolled out a new budget, surprising many with tax increases. Aimed at shrinking the national debt and b...- Britain’s mini-budget crisis: Is it impacting the US Bond Market?Financial strategists are increasingly concerned that the United States could encounter a crisis similar to Britain's notorious "mini-budge...
- UK military faces $22 billion equipment shortfall, watchdog saysThe National Audit Office (NAO) put the estimate for the budget for new weapons and equipment at 305.5 billion pounds for 2023-2033, 16.9 b...
- As debt worries mount, is another global financial crisis coming?Growing debts, high interest rates, climate change costs, and political instability are fueling concerns of a financial market crisis in ma...
- As global debt worries mount, is another crisis brewing?Economists and investors are particularly worried about the United States, Italy, and Britain. Governments are urged to deliver credible fi...
- UK budget deficit soars on cost of debt, energy supportThe budget deficit stood at £22 billion ($26.8 billion) - the highest monthly total in records stretching back to 1993 and almost triple th...
- Keir Starmer criticises Liz Truss as UK PM vows no cutbacksLiz Truss faced angry MPs, flabbergasted by her continued avoidance of PMQs (Prime Minister's Questions) with arguments about her mini-budg...
- UK borrows more than expected in July at 4.9 billion poundsThe Office for National Statistics said on Friday that public sector borrowing excluding state-owned banks stood at 4.944 billion pounds ($...
- UK borrowing halves in first half of tax year as Rishi Sunak readies budgetPublic sector borrowing for the first six months of the 2021/22 year fell to 108.1 billion pounds, down by 101.2 billion pounds in April-Se...
- UK public finances on an unsustainable path, says Finance Minister Rishi Sunak"The forecasts that were set out yesterday show us on a path where that (borrowing and debt) continues to be at a very elevated level, so t...
- India gets 10 top 100 slots in emerging nations' university rankingIndian universities have grabbed 10 of the top 100 slots in the first-ever rankings of higher education institutions from emerging economie...
- UK leader sets economic growth as top 2011 goalPrime Minister David Cameron has pledged to prioritize jobs and economic growth in 2011, but his New Year's message warns of tough times ah...
- Nobel laureate says British govt hyping debt riskOne of the winners of this year’s Nobel Prize in economics on Sunday accused the British government of exaggerating the threat of a debt cr...
- Britain to cut 490,000 jobs in 4 years to tackle deficitBritain's government unveiled the harshest spending cuts for decades to reduce 154.7-billion-pound deficit, a legacy of the recession.
- British economy grows 0.3 per cent in first quarter: OfficialBritain's economy expanded by 0.3 per cent in the first quarter of 2010 from output in the previous three months, unchanged from the previo...
- Britain to eliminate deficit in five years: Finance ministerBritain's structural deficit should be eliminated in five years by cutting public spending and raising taxes, finance minister George Osbor...
- Britain facing cuts in austerity budgetBritain is preparing for big spending cuts and tax hikes in the new government's emergency budget on Tuesday as Prime Minister David Camero...
- British govt says deficit reduction most urgent issueBritain's new coalition government agreed that cutting the country's record deficit was "the most urgent issue" it faced.
- UK budget deficit at record levelsBritain posted its largest annual budget deficit since World War II on Thursday as campaigning for a tight national election intensified.
- EU says tax cut, borrowing to push UK deficit past EU guidelineBritish plans to cut income tax and borrow more will see its yearly budget deficit shoot past a European Union guideline this year.
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