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Government spending growth and the fall of the pound: how the UK economy is changing

July, 04 2025

The UK is facing increasing fiscal difficulties, which, according to experts, will force the authorities to consider tax increases in the autumn budget. Recent policy decisions, including softening welfare reform, will increase government spending by 4.8 billion pounds by 2029-30.Financial markets reacted to these changes by increasing the yield on government bonds by 0.2 percentage points and reducing the pound sterling by 1% against the dollar. After Prime Minister Starmer publicly supported C... Read More

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