#debt-servicing

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fromLondon Business News | Londonlovesbusiness.com
2 days ago

Borrowing continues to climb as fiscal squeeze tightens ahead of Autumn Budget - London Business News | Londonlovesbusiness.com

For the first six months of the financial year, total borrowing now stands close to £99.8bn, 13.1% higher than at the same point last year and on course to overshoot the OBR's March forecast. The rise reflects a toxic mix of high debt interest payments, still-inflated public sector wage costs, and weak tax receipts from income, property, and corporate profits. Meanwhile, sluggish GDP growth is keeping revenue subdued, even as spending on health, education, and local services remains under pressure.
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fromwww.theguardian.com
4 days ago

How the west can stop the global south being strangled by debt | Heather Stewart

Rising borrowing costs and reduced Western aid force developing countries to allocate disproportionate revenue to debt servicing, undermining health, education, and democratic stability.
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