Roula Khalaf, Editor of the FT, selects her favorite stories in Unlock the Editor’s Digest for free. UK government borrowing in February exceeded expectations, putting pressure on chancellor Rachel Reeves ahead of the Spring Statement. Reeves faces challenges in balancing the current budget by 2029-30, with forecasts indicating the need for further spending cuts and possible tax hikes to manage Britain’s public finances effectively.
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Claimed Social Security Too Early? Here's Some Good News.
Waiting until full retirement age to sign up for Social Security helps avoid reduced monthly benefits, which is crucial for those relying on this income. However, circumstances like job loss or health issues may force early claims, which can lead to regrets; fortunately, there's a do-over option that allows individuals to withdraw their application and reapply later, provided they repay all benefits received within a year. To make informed decisions, it's essential to understand Social...
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