Growing debts, high interest rates, climate change costs, and political instability are fueling concerns of a financial market crisis in ma...

Economists and investors are particularly worried about the United States, Italy, and Britain. Governments are urged to deliver credible fi...

The budget deficit stood at £22 billion ($26.8 billion) - the highest monthly total in records stretching back to 1993 and almost triple th...

Liz Truss faced angry MPs, flabbergasted by her continued avoidance of PMQs (Prime Minister's Questions) with arguments about her mini-budg...

The Office for National Statistics said on Friday that public sector borrowing excluding state-owned banks stood at 4.944 billion pounds ($...

Public 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...

"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...

Indian universities have grabbed 10 of the top 100 slots in the first-ever rankings of higher education institutions from emerging economie...

Prime Minister David Cameron has pledged to prioritize jobs and economic growth in 2011, but his New Year's message warns of tough times ah...

One 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's government unveiled the harshest spending cuts for decades to reduce 154.7-billion-pound deficit, a legacy of the recession.

Britain'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's structural deficit should be eliminated in five years by cutting public spending and raising taxes, finance minister George Osbor...

Britain is preparing for big spending cuts and tax hikes in the new government's emergency budget on Tuesday as Prime Minister David Camero...

Britain's new coalition government agreed that cutting the country's record deficit was "the most urgent issue" it faced.

Britain posted its largest annual budget deficit since World War II on Thursday as campaigning for a tight national election intensified.

British plans to cut income tax and borrow more will see its yearly budget deficit shoot past a European Union guideline this year.