Category : Search result: public sector borrowing


Reeves' Income Tax U-Turn Spooks UK Markets

Chancellor Rachel Reeves' decision to scrap income tax rise plans causes pound to fall and borrowing costs to surge. Discover the market fallout and political implications.

Australian Public Service Wages Jump 3.4%

New data reveals Australian public servants are enjoying their fastest wage growth in 15 years, outstripping private sector increases and raising questions about economic fairness.

Labour workers rights bill could cost NHS billions

Exclusive Treasury assessment warns Keir Starmer's New Deal for Workers may unleash financial chaos across public sector, with NHS, police and fire services facing unsustainable costs from enhanced employment rights.

Reeves: Tax Rises Inevitable in Budget Statement

In a stark House of Commons address, Chancellor Rachel Reeves declares tax increases inevitable as Britain faces mounting borrowing costs and economic instability. Get the full breakdown of what this means for your wallet.

Why Rachel Reeves Must Gamble on Tax Hikes

Exclusive analysis reveals why the Chancellor faces an impossible choice between fiscal responsibility and crumbling public services as economic pressures mount.

Fed's Powell: No Rate Cuts Until Inflation Cools

Federal Reserve Chair Jerome Powell delivers cautious message on interest rates, emphasising need for sustained inflation control before considering cuts. Market reactions and economic outlook analysed.

US per capita debt surpasses Greece and Italy

Stunning analysis reveals the average American carries more government debt than citizens of European nations notorious for fiscal crises. Discover what this means for global markets.

NZ's Largest Strike: 300,000 Workers Walk Out

In an unprecedented display of unity, over 300,000 public sector workers across New Zealand have launched the country's largest-ever strike, demanding better pay and working conditions amid soaring inflation.

UK's £17bn AWS dependency exposed by major outage

A significant Amazon Web Services outage has laid bare the UK government's staggering £17 billion reliance on the tech giant, raising urgent questions about national infrastructure security and single-point dependency risks.

Reeves Under Fire Over £25bn Interest Bill Crisis

Chancellor Rachel Reeves faces mounting pressure as economists question her fiscal rules amid soaring government borrowing costs and a £25 billion interest payment bill that threatens Labour's investment plans.

UK borrowing outstrips forecasts as Amazon outage hits

UK government borrowing surged past official predictions in September, creating an early challenge for Chancellor Rachel Reeves. The financial uncertainty coincides with a major Amazon Web Services outage that disrupted global businesses before being reso

UK borrowing hits record September high of £15.9bn

New figures reveal UK government borrowing hit £15.9 billion in September 2025 - the highest for that month since records began. Chancellor Rachel Reeves faces mounting pressure as debt costs spiral and economic challenges deepen.

Sarah Ferguson Borrowed Cash from Epstein

Sarah Ferguson borrowed thousands from Jeffrey Epstein after her divorce from Prince Andrew, with new court documents revealing the extent of their financial relationship during her financial struggles.

UK government borrowing costs hit 20-year high

Chancellor Rachel Reeves faces mounting pressure as UK government borrowing costs surge to their highest level in two decades, threatening Labour's economic plans and increasing pressure on public finances.

Bank of England Holds Interest Rates at 5.25%

The Bank of England maintains interest rates at 5.25% despite falling inflation, with policymakers divided on the timing of future cuts as economic uncertainty persists.

Banks Cut 0% Interest Periods on Credit Cards

Major UK banks are dramatically reducing interest-free periods on balance transfers, leaving borrowers with higher costs. Discover how this shift affects your finances and what alternatives remain.

Gogglebox star, 80, loses NHS job after TV deal

Beloved Gogglebox octogenarian Mica Ven has been removed from her £62,000 NHS position following her television contract, sparking debate about public sector employment rules.

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