Unlock free digitter digestive
Roula Khalaf, Editor’s FT, choose her story in this weekly newsletter.
The British government borrowed levels in February, according to the pressure in Chancel Rachel Reeves as her spring statement next week.
The shortage between government income and spending is £ 10.7BN last month, office for the National Statistics. This compared to the estimate of £ 6.5BN from the Budget Residence Office, Government Budget, and a similar estimate of the economic budget.
Reeves are preparing for Spring statement To recommend the next squeeze about government spending while she tried to keep public money. The Chancellor has been committed to committed, under her financial rule, to balance the current budget, which does not include investment, by 20293.
But the weak financial condition and public finance means estimated to indicate. The government has announced plans for the welfare saving of £ 5bn per year, and expected to cancel the department on Wednesday.
James Smith, we think of British growth in the summer, we think spreading the tax in the fall. The British Public Finance is operating under a better range. «
Alex Kerrr with a higher payment in the current budget year.
Numbers, he added, underlined « only how difficult the few years will be difficult. »
In the year of Financial February is £ 132.2BN, about £ 14bn more than the same year in the same year in the budget year. That is fine beyond estimation £ 111.8bn by OBR in October 2024.
The Overshoot, Chief Investment Administration for RBC BluetBay property, growth mentioned « is more than forecasting. »
OBR in October estimates 2 percent GDP growth for this year, but we are weak mean next week. The British Bank in February estimates only 0.75 percent in 2025.
The percentage of the network of the network of February is about 95.5 percent, according to release, 0.1 percent above the year ago.
Reeves had left her first budget in October with a Cheetrory Falloom against her deficit rules of the government.
GILT Investor has Climb That the Chancellor must create again that the office shows she is keeping the public finances.
The British government bond is steady trading in the morning, with 10 years of production increased 0.02 percentage as a percentage.
Reeves called for the next week’s preaching will not form a major budget event, with officials said there will be No Tax Higher.
But pressure, including the need to increase prevention spending and repairing additional support services
Drown Jones, the head of the dollar reserves.
« In the core of this urgent mission is the audio financing based on the negotiable financial rules. »
Additional Report by Ian Smith in London
Leave a Reply