Deloitte: Australia Faces 'Decade of Deficits' Without Tax Reform
A new report warns Australia faces budget deficits 'as far as the eye can see' without bold tax reforms, including an inheritance tax. Read the key proposals.
Category : Search result: fiscal deficit
Putin Visits India to Strengthen Strategic Ties
Russian President Vladimir Putin arrives in New Delhi for a state visit aimed at bolstering defence and economic cooperation with India, amid Western pressure over Ukraine. Read the full analysis.
Macron in China for trade and Ukraine talks with Xi
French President Emmanuel Macron begins a three-day state visit to China, aiming to rebalance trade ties and seek Beijing's influence on Russia regarding the Ukraine war. Follow the latest diplomatic developments.
Chicago Proposes $1.25 Package Fee in Budget Battle
Chicago lawmakers propose a $1.25 delivery fee and doubled rubbish charges to tackle a $1.15bn deficit, clashing with the mayor over migrant spending. Discover the budget battle details.
OBR Chair Resigns as Fiscal Forecasts Spark Political Row
Richard Hughes, chair of the Office for Budget Responsibility, has resigned. The move follows intense scrutiny of the watchdog's economic forecasts and exposes the government's delicate balancing act between political promises and market demands.
Swinney: Reeves 'misled public' over UK finances
Scotland's First Minister John Swinney claims Chancellor Rachel Reeves misled the public on the fiscal situation ahead of the Budget. Labour ministers deny the allegations.
Reeves' £26bn Tax Hike Based on False Deficit Claim
Chancellor Rachel Reeves claimed a £20-30bn deficit to justify a £26bn tax raid. OBR data shows a £4.2bn surplus. Questions mount over her integrity and economic trust.
Starmer backs Reeves amid Budget deficit controversy
Keir Starmer supports Rachel Reeves' Budget decisions despite OBR scrutiny over deficit claims. Chancellor faces allegations of misleading voters about fiscal black hole.
Reeves faces budget row over OBR deficit claims
Chancellor Rachel Reeves defends budget amid controversy over deficit statements. OBR revelations spark opposition calls for investigation. Follow latest developments.
Starmer backs Budget as Reeves faces scrutiny
Keir Starmer supports the Budget while Rachel Reeves faces scrutiny over pre-Budget deficit claims. Opposition calls for FCA investigation into fiscal forecasts.
UK government borrowing soars ahead of budget
UK public finances show higher-than-expected borrowing of £17.4bn in October, creating a major challenge for Chancellor Rachel Reeves' upcoming budget statement. Read the full analysis.
Russia's wartime economy slows, taxes rise
Russia's wartime economy slows, forcing the Kremlin to raise VAT and other consumer taxes. Discover the impact on ordinary Russians and the budget deficit.
Trump lifts tariffs on Australian beef imports
The Australian government welcomes the removal of US tariffs on beef and agricultural exports, a decision reversing Trump's earlier policy amid inflation concerns.
Doctor's No-Food-Ban Diet Plan for Weight Loss
Leading obesity expert Dr Spencer Nadolsky reveals why he bans no foods for patients. Discover his calorie-deficit strategy and the Mediterranean diet's role in sustainable weight management.
Romania protests: Thousands rally against austerity
Thousands protest in Bucharest demanding higher wages and tax cuts as the government enforces austerity to tackle the EU's high budget deficit. Read the full story.
Canada's deficit soars in pre-emptive Trump tariff defence
Mark Carney's government unveils massive spending package, adding tens of billions to deficit in pre-emptive strike against potential Trump tariffs. Analysis of Canada's economic defence strategy.
Farage's Tax Reforms Create £40bn Budget Hole
Reform UK's manifesto pledges would create massive budget shortfall requiring severe spending cuts or tax rises elsewhere, according to IFS analysis of Nigel Farage's economic plans.
Britain Bottom of Global Nature Connection Ranking
Groundbreaking research reveals Britain sits at the bottom of a global ranking measuring people's connection to nature, with serious implications for wellbeing and environmental action.
UK Among Nations With Weakest Nature Connection
Groundbreaking global study exposes which populations feel most disconnected from nature, with UK residents showing alarmingly low levels of environmental engagement.
Britain among world's least nature-connected nations
Shocking new research shows Britain has one of the lowest levels of nature connection globally, while Nepal tops the chart. Discover why urban living and modern lifestyles are creating a nature deficit.
Ireland faces €13.4bn corporate tax shortfall
Ireland's Department of Finance confronts a staggering €13.4bn corporate tax shortfall as tech and pharmaceutical giants see profits decline, threatening the nation's economic stability.
Reeves Confronts £50bn Fiscal Black Hole
New Chancellor Rachel Reeves inherits a staggering £50 billion budget shortfall, with experts warning of potential income tax and VAT increases to fill the Treasury void.
Australia's $80bn Budget Crisis: PM's Emergency Moves
Exclusive analysis reveals Australia's budget deficit has ballooned to $80 billion, forcing the Prime Minister into emergency talks with crossbenchers while facing fierce political backlash.
Reeves faces £30bn budget black hole shock
Chancellor Rachel Reeves confronts staggering £30bn fiscal shortfall in first major Treasury briefing, forcing tough decisions on public spending and economic strategy.
IFS demolishes Lib Dem £2.5bn tax cut pledge
Liberal Democrat leader Sir Ed Davey confronts mounting criticism after the Institute for Fiscal Studies dismantles his party's flagship £2.5bn tax cut proposal, revealing significant funding gaps and questioning economic credibility ahead of crucial elec
Trump targets Canada in bizarre trade video rant
Donald Trump has launched a startling verbal assault on Canada in a new campaign video, making wild claims about trade deficits and threatening economic consequences if re-elected.
Reeves considers income tax rise to reduce deficit
Chancellor Rachel Reeves is reportedly weighing income tax increases as part of a comprehensive strategy to reduce the UK's budget deficit, according to Treasury sources.
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.
IFS urges Rachel Reeves to consider welfare cuts in budget
The Institute for Fiscal Studies delivers stark warning to Chancellor Rachel Reeves, stating benefit cuts cannot be ruled out in upcoming budget despite political risks.
IFS warns Reeves against rushed tax reforms
The Institute for Fiscal Studies cautions Chancellor Rachel Reeves against implementing 'half-baked' revenue-raising measures that could harm the economy and undermine business confidence.
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