Category : Search result: public sector net debt


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.

195,000 households get energy debts wiped clean

Major energy debt relief announced as regulator clears £25 million in outstanding bills for vulnerable households across Great Britain. Find out if you're eligible for this financial lifeline.

Surrey Labour splits over £1.2bn council debt crisis

Exclusive: Labour faces internal division in Surrey as two councils consider breaking away amid government pressure to address catastrophic local authority debt. The political earthquake threatens Starmer's authority in traditional Tory heartlands.

Trump's $7.8 Trillion Debt Bomb Exposes GOP Hypocrisy

Exclusive analysis reveals stunning Republican U-turn on fiscal responsibility as Trump-era policies and pandemic spending drive US debt to unprecedented levels, creating a political minefield for the GOP.

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.

ATO enlists debt collectors for tax recovery

The Australian Taxation Office has escalated its debt recovery efforts by hiring private debt collectors to pursue billions in outstanding taxes. Learn how this affects taxpayers and what you need to know.

US National Debt Crisis Accelerates at Record Pace

The United States national debt has surged past a terrifying milestone, growing at its fastest pace in history. Experts warn this unprecedented acceleration threatens global economic stability.

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.

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.

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.

Global Debt to Hit 100% of GDP by 2029 - IMF

The International Monetary Fund issues stark warning as global government debt is projected to reach 100% of GDP within five years, with the UK facing particularly challenging economic headwinds.

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.

Reeves: No Money for Public Sector Pay Rises

Chancellor Rachel Reeves declares no money for public sector pay rises in upcoming budget, setting stage for potential confrontation with unions as she blames previous Tory government for empty coffers.

NSW official hid in cupboard during corruption probe

Shocking revelations emerge as a senior NSW government official admits to concealing themselves in a cupboard during a corruption investigation into alleged multi-million dollar kickbacks, exposing serious misconduct within the public sector.

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