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UK faces ‘eye-watering’ public sector cuts to fund defense pledges
LONDON — The United Kingdom will have to slash public sector spending to finance defense, causing “pain and great difficulty” for the ruling Labour Party, a former NATO chief and senior party official warned on Tuesday. George Robertson — a former U.K. defence secretary who co-wrote last year’s Britain’s Strategic Defence Review and is now in the House of Lords — warned Labour MPs that Britain’s military spending promises and its NATO commitments must “come from domestic...
Database of forecasts for the UK economy
Database of forecasts for the UK economy We’ve compiled independent forecasts for the UK economy since 1986. This database includes forecasts of key economic indicators from those publications. Documents Details Each month we publish independent forecasts of key economic and fiscal indicators for the UK economy.
From tax waivers to free hedges, RBI & govt join hands to boost Rupee
In a coordinated move, govt and RBI Friday rolled out a clutch of measures aimed at attracting foreign portfolio investors and non-resident funds to govt bonds and bank deposits. The strategy is as much about sentiment as it is about flows: signalling openness, easing friction, and offering a small subsidy from RBI in the form of free insurance cover to banks against rupee depreciation. As a result, the rupee gained by 84 paise to close at 94.95 compared with Thursday's close of 95.79 - its...
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