The Guardian Australia – Business
·business
·2 hours ago
UK undershoots annual borrowing target by £700m
The UK government undershot its annual borrowing target by £700 million, borrowing £132 billion for the financial year ending in March. The ongoing conflict in Iran may jeopardize fiscal plans by potentially worsening economic conditions, with forecasts suggesting a £16 billion hit to public finances by 2030. This could significantly diminish fiscal headroom for upcoming budgets.
Summary by Glance · The Guardian Australia – Business
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