Berlin
fromenglish.elpais.com
3 days agoIs Berlin still sexy or just poor?
Berlin faces record public debt and weakened tourism, with visitor numbers still below pre-pandemic levels and higher prices limiting tourist spending.
#public-debt
#public-debt
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#french-politics #fiscal-policy #government-borrowing #economic-crisis #france #tariffs #taxation #confidence-vote
UK politics
fromLondon Business News | Londonlovesbusiness.com
1 week agoHeads to roll as the entire Budget leaked before Reeve's speech spooking the stock market - London Business News | Londonlovesbusiness.com
Autumn Budget leak projects public debt rising to 69% of GDP by 2030, cancels two‑child benefit, freezes tax thresholds, and downgrades GDP growth forecasts.
Business
fromFortune
1 month agoGoldman Sachs CEO: AI's opportunity is enormous, but 'there will be winners and losers' | Fortune
AI infrastructure investment is driving U.S. growth prospects, lowering near-term recession risk, while rising public debt requires faster economic growth rather than revenue increases.
fromThe Art Newspaper - International art news and events
1 month agoBritish Council hopes to transfer art collection to UK government amid 'real financial peril'
The head of the British Council has this week proposed transferring the organisation's vast art collection to the UK government in a bid to offset debts of almost £200m. The collection comprises almost 9,000 British art works of the 20th and 21st centuries by artists including Lucian Freud, David Hockney, Tomma Abts and John Akomfrah. The works have no permanent gallery, with around a fifth of on display at any one time in the UK and internationally.
UK politics
UK politics
fromBusiness Matters
1 month agoGovernment borrowing surges to 20bn in September as Reeves faces mounting pressure ahead of tax-heavy Budget
Government borrowing rose above £20bn in September, increasing public debt and intensifying pressure on Chancellor Rachel Reeves to consider major tax rises to meet fiscal rules.
fromLondon Business News | Londonlovesbusiness.com
1 month agoBorrowing 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.
UK politics
Business
fromLondon Business News | Londonlovesbusiness.com
1 month agoDow Jones: Rally weakens amid tariff pressure, rising debt, and policy uncertainty - London Business News | Londonlovesbusiness.com
Dow Jones momentum is slowing as 100% China tariffs, rising U.S. public debt, and monetary-fiscal conflict pressure industrial, financial, and retail stocks.
UK politics
fromLondon Business News | Londonlovesbusiness.com
1 month agoYou have been warned: deVere issues final alert ahead of likely UK tax raid - London Business News | Londonlovesbusiness.com
Chancellor Rachel Reeves likely must raise the fiscal buffer fivefold to avoid further tax rises and spending cuts.
fromLondon Business News | Londonlovesbusiness.com
4 months agoReeves hit with yet another bombshell as the economy shrinks further as the Autumn Budget approaches - London Business News | Londonlovesbusiness.com
The economy contracted by 0.1% in May, following a 0.3% contraction in April. Growth over the first half of the year is now expected to be modest.
UK news
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