Government ❯ Politics ❯ Public Policy ❯ Fiscal Policy

Taxation

UK Borrowing Surges to £18 Billion in August, Exceeding Forecasts

The surprise shortfall has raised expectations of tax increases in the November Budget.

Italian Chamber Rejects All Opposition Motions on NATO 5% Defence Target

Deported Afghans Appeal to Merz as Court Orders Enable Limited Arrivals

Union Rejects Klingbeil’s Tax-Hike Option as Budget Gaps Loom

Reeves Faces Tax Rises or Spending Cuts to Fill £51bn Budget Gap

Reeves Confronts an ‘Impossible Trilemma’ as £41bn Tax Shortfall Looms

UK Rules Out Wealth Tax as IMF Warns Borrowing Surge Risks Fiscal Targets

Bayrou Sets Two-Month Deadline to Finalize €43.8 Billion Austerity Plan

Chelsea Beats PSG 3-0 to Win Club World Cup as Luis Enrique Faces Disciplinary Review

Senate Enacts Pension Hike, Disability Emergency and Fiscal Redistribution Over Milei’s Objections

Senate Set to Debate Federal Funds Thursday as Kirchner Seeks Justice Recusal

Starmer Pledges Support for Reeves as Chancellor Tackles £5bn Funding Shortfall

Germany Launches Nationwide Raids on Online Hate as Merz Attends EU Summit

German States Demand Full Compensation in Growth Booster Talks

Merz Confronts State Demands for Billions over Growth Booster Tax Losses

Germany’s Economy Set to End Three-Year Stagnation With 2026 Growth Revival

Reeves Prepares for Autumn Tax Rises as Economy Contracts After Spending Review

Reeves Unveils £113 Billion Spending Review to Boost NHS, Defence and Housing

Chancellor allocates £15.6bn to boost transport across North and Midlands

France Focuses on €40 Billion Cuts, Rejects Broad Tax Increases for 2026 Budget