UK Budget: $133 Payments for 20 Million Homes as Debt Hits $4 Trillion
Chancellor John Healey offered 20 million UK households a $133 winter payment funded by higher bank and gambling taxes, as debt passed $4 trillion and inflation hit 3.5%.
Topic
Public Debt
Topic
Public Debt
Fiscal headroom halves to £15bn as Healey delivers Burnham government's first budget
Chancellor Healey confirmed fiscal headroom has fallen from £23.6bn to £15bn, with debt peaking at 83.8% of GDP, as he delivered…
France's $4 Trillion Debt Hits Post-WWII High Ahead of Budget Vote
French debt has hit a record $4 trillion, 119% of GDP, with bond yields at 24-year highs ahead of Tuesday's make-or-break budget…
IMF Raises 2026 Global Growth Forecast to 3.1%, Warns on AI and Debt
The IMF lifted its 2026 growth outlook to 3.1% from 3.0%, but flagged AI-driven market risks, a 40% hit to jobs and rising debt a…
French Debt Headed to 122% of GDP as Bond-Cancellation Idea Gains Traction
France expects debt to hit a record 122% of GDP despite €54 billion in cuts, as Mélenchon's ECB bond-cancellation plan draws a re…
IMF's Georgieva Tells UK and US to Act on Spiralling Debt Costs
IMF chief Kristalina Georgieva demands "courage" from the UK and US as UK borrowing hits £18.3bn and America's debt pile tops $40…