UK government borrowing was higher than expected in February at £10.7bn, exceeding forecasts of £6.5bn, adding pressure on Chancellor Rachel Reeves ahead of her Spring Statement next week. Reeves faces the challenge of meeting her self-imposed rules for the economy, including not borrowing for day-to-day spending and reducing debt as a share of GDP by 2029/30, amidst concerns of missing these targets due to increased borrowing. Economists anticipate Reeves may announce further spending cuts to address the tight fiscal backdrop and potential shortfall in meeting her borrowing rules, as the Office for Budget Responsibility is expected to find her available spending buffer has been depleted.
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Macron’s promise and Great Britain’s historical burden
Macron’s promise and Great Britain’s historical burdenA weekly selection of opinions and analyses from the Arab media highlights French President Emmanuel Macron's commitments and the historical responsibilities of Great Britain in the Middle East context. The piece reflects on the ongoing discussions surrounding Palestinian statehood and the implications of these geopolitical dynamics. Want More Context? 🔎
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