Economists have cautioned that the UK government may miss its Budget borrowing targets as long-term borrowing costs hit a 25-year high. With the yield on 30-year gilts reaching 5.25%, the Office for Budget Responsibility is expected to update its forecasts…
UK government borrowing costs have surged to their highest levels this century, raising concerns that Chancellor Rachel Reeves may miss her fiscal targets. The Office for Budget Responsibility will update its forecasts in March, amidst warnings from economists about the…
Greece’s central administration recorded a cash surplus of €5.721 billion from January to November 2024, a significant turnaround from a deficit of €468 million during the same period in 2023. The primary budget result reached €7.5 billion, an increase from…
Prime Minister Sir Keir Starmer has stated on BBC Breakfast that he does not plan to implement any further tax rises before the next election, though he acknowledged unforeseen circumstances could necessitate changes. Starmer’s comments followed his announcement of six…
The Japanese government has approved a €136 billion stimulus plan to bolster consumer purchasing power and stimulate sluggish growth in response to rising inflation. The plan, proposed by Prime Minister Shigeru Ishiba, includes financial support for low-income households, energy subsidies,…
The coronation of King Charles III cost British taxpayers £72 million (€86.5 million), prompting criticism over excessive spending amidst a post-pandemic economic crisis. The Department for Culture, Media and Sport spent over £50 million, while the Home Office spent approximately…
David Lisnard, president of the Association of Mayors of France, has urged Prime Minister Michel Barnier to announce an immediate moratorium on additional standards during the closing of the 106th congress of mayors. Lisnard argues that these standards hinder political…
The Greek government has presented its budget for 2025, emphasizing a balance between fiscal restraint and economic growth. Minister of National Economy and Finance, Kostis Hatzidakis, highlighted expectations of a strong primary surplus and reduced public debt, aiming to boost…
Barry Eichengreen, a renowned economist from UC Berkeley, discussed Greece’s progress in debt reduction and political stability on ERTNews’ ‘Prime.’ Eichengreen noted the country has impressed credit rating agencies and is on a slow yet steady path to recovery. He…
CGIL Secretary General Maurizio Landini announced a general strike for November 29 following unsuccessful budget discussions with the government. The government has indicated limited room for changes in the proposed budget, which Landini criticized as inadequate for addressing the country’s…
During a meeting with labor unions, Italian Prime Minister Giorgia Meloni outlined the government’s budget strategy, highlighting a €30 billion budget and a projected €38 billion cost for the Superbonus in 2025. This initiative, initiated under the Conte II government,…
