Hastings councillors have agreed to draw money from the authority’s reserves to balance its spending next year.

UK defense chiefs have privately warned the government that plans to raise military funding to 2.5% of economic output won’t ...

Rachel Reeves' attempts to shore up the public finances through tax hikes are "unlikely to succeed," according to Oxford Economics.

In Ray Dalio's forthcoming book "How Countries Go Broke" he argues that the United States' budget deficit should be cut.

The Chancellor has been warned against another tax raid after forecasts revealed she could be on course for a Budget deficit.

The GDP surprise has boosted the pound, and GBP/USD is back above $1.25, as a double whammy of good news, including the Ukraine/ Russia peace talks also give hope that energy costs could fall. We ...

When the value of imports is greater than the value of exports, the trade balance is in deficit. The balance is sometimes referred to as "net exports". A full Glossary of economic terms is available.

Hackney Carnival's funding has been withdrawn “for the foreseeable future” as Hackney Council attempts to tackle its eye-watering budget deficit.

William Ruto's Cabinet approved the Supplementary Budget II in February 2025, which is expected to be presented to parliament ...

With weak growth forecast, the Chancellor is walking a tightrope to avoid tax rises and spending cuts ...

Portsmouth’s Liberal Democrats have slammed the Labour government for failing to support local councils, warning that local ...