Stronger GDP hasn’t eased the fiscal bind, as think-tanks warn of tough choices ahead of the Autumn Budget.
The UK economy expanded by 0.3% in Q2 2025, outpacing expectations and easing recession fears.
Reports suggest the UK Chancellor and Prime Minister are preparing the public for potential tax increases and reforms in the upcoming November budget to address a significant spending gap.
UK public sector borrowing reached £20.7 billion in June, the second-highest on record, stoking fears of a looming debt crisis.
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