The UK’s borrowing has skyrocketed as soaring inflation drives up the cost of debt servicing, deepening Chancellor Jeremy Reeves’ fiscal challenges. Experts warn that this alarming trend could place heavy strain on public finances and limit future policy options
UK borrowing has surged dramatically as soaring inflation drives debt servicing costs to unprecedented levels, Reuters reports. With interest rates climbing steadily, the government is under increasing fiscal strain, raising serious concerns about the country’s long-term economic future
Japan’s real wages fell for the second consecutive month in February, signaling growing financial pressures on households as inflation continues to outpace earnings. This trend raises concerns over consumer spending and overall economic stability.
