Tag #Public Finances

Showing 1 to 12 of 30 results

lexpress.fr
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French Government Faces Budget Impasse After Failed Negotiations

French Prime Minister Sébastien Lecornu's initial negotiations with the Socialist Party to secure a budget agreement failed, leaving him with limited options to avoid censure and meet fiscal targets.

Progress

44% Bias Score

Reduced Inequality
euronews.com
🌐 85% Global Worthiness
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Fitch Downgrades France's Credit Rating Amid Political Instability

Fitch Ratings lowered France's credit rating from "AA-" to "A+" due to political instability and concerns over rising public debt, projecting it to reach 121% of GDP by 2027.

Progress

20% Bias Score

Reduced Inequality
lexpress.fr
🌐 75% Global Worthiness
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France's Public Pension Accounting Practices Under Scrutiny

A recent study by the Institut des politiques publiques (IPP) reveals that France's accounting practices for public pensions inflate ministerial budgets, particularly in Education, Interior, Justice, and Higher Education, raising concerns about transparency and international comparisons.

Progress

20% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UK Borrowing Costs Hit 27-Year High Amid Investor Jitters

Investor jitters over the UK Chancellor's financial plans and rising inflation have driven UK borrowing costs to a 27-year high, shrinking the government's financial headroom by £6.5 billion and increasing the likelihood of tax rises.

Progress

64% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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UK Faces Unsustainable Public Finances Amidst Weak Growth

The UK faces a long-term unsustainable financial position due to rising state pension costs and weak economic growth since 2010, necessitating potential tax increases in the upcoming budget to address historically high national debt and stagnant wages.

Progress

56% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Labour's Welfare U-turn to Cost £12.3 Billion

Labour's U-turn on welfare cuts will increase disability benefit claims by over a million before the next election, costing an extra £12.3 billion for PIP alone by 2029, potentially causing the welfare system to collapse.

Progress

68% Bias Score

Reduced Inequality
lemonde.fr
🌐 85% Global Worthiness
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France's Political Crisis: Budgetary Impasse and Social Unrest

France is experiencing a deep political and budgetary crisis marked by five governments since Emmanuel Macron's reelection, a weakened presidency, and social unrest fueled by tax cuts for the wealthy and substantial public aid to large corporations.

Progress

48% Bias Score

Reduced Inequality
lemonde.fr
🌐 75% Global Worthiness
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French Prime Minister Bayrou Faces No-Confidence Vote

French Prime Minister François Bayrou delivered his likely final address to the National Assembly, defending his request for a confidence vote and outlining the dire state of French public finances.

Progress

52% Bias Score

Reduced Inequality
news.sky.com
🌐 85% Global Worthiness
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UK Bank Shares Drop Amidst Proposed Windfall Tax

Shares in UK banks fell sharply following an IPPR report urging the chancellor to levy £8bn annually from bank profits to fund public services, citing a £22bn yearly interest income from Bank of England reserves as a 'subsidy'.

Progress

40% Bias Score

Reduced Inequality
kathimerini.gr
🌐 75% Global Worthiness
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Greece to Add €3 Billion to 2026 Budget for Middle-Class Tax Relief

The Greek government will add over €3 billion to its 2026 budget, primarily providing tax relief to middle-class salaried employees earning between €20,000 and €50,000 annually, a decision influenced by exceeding tax revenues and international economic factors.

Progress

44% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UK Faces Unsustainable Public Finances, Warns Budget Watchdog

The Office for Budget Responsibility (OBR) warns that Britain's public finances are unsustainable, with debt projected to reach 270 percent of GDP by the 2070s, driven by factors such as an aging population, rising defense spending, and a global trade war, placing the UK in a vulnerable position com...

Progress

48% Bias Score

Reduced Inequality
elpais.com
🌐 75% Global Worthiness
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Spain's Public Deficit Rises Due to Valencia Flood Relief Spending

Spain's public administrations recorded a €5.523 billion deficit by April 2025, a 5.7% increase from 2024, mainly due to €2.835 billion in extraordinary spending to address the October 2024 Valencia floods; excluding this, the deficit would have been significantly lower.

Progress

44% Bias Score

No Poverty

Showing 1 to 12 of 30 results