France’s dilemma: protesters demand spending as markets require fiscal restraint
Waves of protests expose debt crisis faced by French government, but political wrangling is stalling an escape plan. Is there a way out?Eight years have passed since rising fuel prices brought the gilets jaunes (yellow vest) demonstrators to the streets…
Bank governor urges John Healey to use budget to allay market fears amid bond turmoil
Andrew Bailey tells chancellor ‘whatever the stance of fiscal policy, it must be credible and be seen as such by financial markets’The Bank of England governor, Andrew Bailey, has urged the chancellor, John Healey, to agree a budget that reassures…
Oil price rise creates more pressure on UK policymakers before budget
Treasury sources concede ‘less room’ for manoeuvre as global bond selloff also hikes government’s borrowing costsInternational bodies warn of rising debt and borrowing risksBurnham stands by claim UK is ‘in hock’ to bond marketsOil prices lurched upwards…