The "big, beautiful bill" slashes food and health benefits for the poorest Americans, while giving tax cuts to higher earners ...

Although market reaction to the US-China trade deal was mixed, easing trade tensions boosted demand for Hong Kong and ...

Democrats have slammed Republican president’s proposal for social welfare spending cuts and tax benefits for the rich.

As a chess-player she must recognise that she is stuck in zugzwang: if the bill falls, meeting the fiscal rules gets harder.

In their rush to retain Donald Trump's support for NATO, the alliance's European members have promised to more than double ...

Ministers say the benefit reforms will help protect the welfare state for those who need it, but backbenchers warn the plans ...

The national debt already exceeds $36 trillion and is growing at historic rates. That has cascading consequences for the ...

According to budget documents, specifically the voluminous ‘Details of Demands for Grants and Appropriations 2025-26 (Current ...

The charts that show why Reeves’s spending plans are a fantasy. Szu Ping Chan . Wed, Jun 11, 2025, 1:03 PM 8 min read. ... Welfare spending, which sits outside Whitehall budgets, ...

While the likes of defence will see spending go up, from £23.2bn this year to £33.2bn in 2029/30 – an increase of 7.3 per cent – others will again experience cuts.

Brülhart has no worries, either, about the welfare state being dismantled. “Defence spending could be boosted by making cuts to social welfare. That’s one scenario.