In a tragic irony — indicative of the sheer wrongheadedness of cutting spending in a weak recovery — the British deficit is ultimately likely to be higher due to lower growth. The Conservative ...

The United Kingdom faces a debt crisis, with soaring borrowing costs, rising deficits, and a shrinking tax base fueling ...

Earlier this month, a sharp sell-off in British government bonds ... The chart shows Britain's budget deficit, with nine months of the 2024/25 financial year gone, is overshooting the OBR's ...

In the previous year, those figures were $1.108 trillion in revenue and $1.618 trillion in spending, leaving a $510 billion deficit for the quarter — $201 billion less than now. Advertisement ...