The action, which will put pressure on the nation’s borrowing costs, reflects doubt that a new government can mend the deteriorating financial situation.
Category: Budgets and Budgeting
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It’s Not Too Late to Rein In Holiday Spending
Research suggests that you’ll spend less than you otherwise would by setting a strict budget — even if you go over the budget.
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France’s Prime Minister Michel Barnier Loses No-Confidence Vote
Prime Minister Michel Barnier will most likely remain as a caretaker until a replacement is named. But the vote could further unsettle credit markets and create a wider opening for the far right.
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Collapse of France’s Government Further Burdens Its Weak Economy
Already struggling with flat growth and a large debt and deficit, the country faces a new period of instability without a functioning government or a budget.
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Trump Promised Sweeping Economic Changes. Can Republicans Turn Them Into Law?
Republicans are juggling complex political and tactical questions as they plan their congressional agenda next year.
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U.K. Budget Makes a Big Bet on Spending for Growth
The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.
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UK Budget: Labour Party to Raise Capital Gains and Inheritance Taxes
Rachel Reeves, the new finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.
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UK Budget: What to Know Before Labour’s Announcement
The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.
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Britain Braces for ‘Painful’ Budget Meant to Recharge the Economy
The new Labour Party government said it had inherited a challenging financial position and warned of tax increases and spending cuts when it reveals its budget this week.
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France Prepares to Raise Taxes on Businesses and the Rich
France’s new prime minister, Michel Barnier, has opened the door to reversing some of President Emmanuel Macron’s tax cuts in an effort to fix the country’s widening budget deficit.
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France’s Budget Problems ‘Very Serious,’ Prime Minister Says
The French government, which missed a deadline this week to set a blueprint to lower its debt and deficit, is struggling to meet fiscal requirements set by the E.U.