#fiscal-discipline

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#us-federal-debt #political-polarization #interest-rates #gilt-markets #public-spending-cuts #tax-rises
US politics
fromFortune
2 weeks ago

Your political polarization is the reason for our $38 trillion national debt, top economist says: 'it's deeply debilitating' for 'consensus and stability and productive policy results' | Fortune

Polarized U.S. politics prevent credible fiscal discipline, trapping fiscal policy and driving federal debt above $38 trillion (over 100% of GDP).
UK politics
fromwww.theguardian.com
2 weeks ago

The bond market is wrong. Reeves should not cut welfare to placate the City

Chancellor must demonstrate fiscal discipline to keep bond markets calm, balancing spending cuts and tax rises to manage borrowing costs, growth, inflation, and living standards.
fromBusiness Matters
2 months ago

Reeves clamps down on Treasury emergency funds ahead of November Budget

She added that any borrowing from the reserve - which amounted to £9 billion last year but is being halved in 2025 - would have to be repaid. The Reserve is intended for "genuinely unforeseen, unaffordable and unavoidable pressures" but has in recent years been used to fund public sector pay deals and compensation settlements.
UK politics
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