France is once again grappling with a fiscal crisis following the government’s inability to secure parliamentary approval for the 2026 budget. Sebastian Lecornu, France’s fourth prime minister in just eighteen
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During the financial crisis of 2009, economic research briefed global policymakers on the dangers of excessive public debt. The book “This Time is Different” by Kenneth Rogoff and Carmen Reinhart
Soaring debt, simmering social unrest and persistently high inflation—these are no longer the trademarks of developing economies alone. Britain, once the G7’s financial poster child, is now grappling with the
Chancellor Rachel Reeves has addressed cabinet ministers with a stark warning on government finances, directing all departments to operate strictly within their budgets as the nation faces rising borrowing costs
On both sides of the Channel, storm clouds are gathering over the economies of Britain and France. The threat of a rescue by the International Monetary Fund now looms as
Last week’s public sector borrowing figures for the UK made for stark reading. June recorded a staggering £20.7 billion in borrowing, far overshooting both the Office for Budget Responsibility’s forecast
The UK government’s borrowing increased dramatically in June, reaching £20.7 billion. This figure surpassed analysts’ expectations, which had estimated a borrowing of £17.5 billion. The Office for National Statistics (ONS)
