In a recent interview, French Prime Minister François Bayrou outlined his government’s agenda while refuting claims of influence from the Rassemblement National. As he prepares for a budget battle in Parliament, Bayrou aims for a public deficit around 5% by…
The UK Treasury, under Chancellor Rachel Reeves, has directed ministers to stop non-priority spending as part of its upcoming spending review through 2029. Reeves aims for efficiency savings of 5% across department budgets, which will be independently reviewed by expert…
The UK Treasury has instructed ministers to halt spending that does not align with government priorities, as Chancellor Rachel Reeves commits to an iron-fisted approach against waste. As part of a comprehensive spending review, she is aiming for 5% efficiency…
In the event of government censure, the 2025 budget may not be approved, raising concerns about potential impacts on French public finances. While citizen savings are expected to remain safe, constitutional expert Benjamin Morel assures that civil servants will still…
Marc Ferracci, the French Minister Delegate for Industry, emphasized the government’s strategy to restore public finances, which entails a significant increase in taxes on large corporations. This approach is part of a broader financial law proposal aimed at generating an…
In October, the UK government borrowing reached £17.4 billion, marking the second highest figure for the month since records began in 1993. The government plans to increase annual spending by nearly £70 billion over the next five years, funded by…
A recent Senate report in France blames former leaders from various governments for the country’s increasing budget deficit, projected to reach 6.1% of GDP by 2024. The report criticizes previous administrations for their inaction and delayed response to the deteriorating…
Gabriel Attal, the former Prime Minister of France, faced intense questioning from senator Jean-François Husson during a Senate hearing on public finances. Attal acknowledged shortcomings but asserted that his government took decisive steps to manage the budget deficit, which has…
