Economics ❯Public Economics ❯Government Spending ❯Fiscal Policy

Budget Deficit

OBR Warns UK Debt Could Exceed 270% of GDP After Welfare and Defence U-Turns

The watchdog cautions that recent policy reversals have opened a multibillion-pound hole Rachel Reeves must fill before the Autumn Budget

French Senate Proposes Up to €50 Billion in 2026 Budget Cuts to Hit EU Deficit Target

French Government Faces Political Backlash Over €40 Billion Austerity Plan for 2026

German Bundestag Approves Constitutional Reform to Protect Judiciary from Extremist Influence

Rachel Reeves Announces Sweeping Cuts to Address £22 Billion Fiscal Deficit