economic contraction

Borrowing Overruns Signal Pre-Budget Paralysis

£116.8 Billion Deficit Dwarfs Forecasts as Tax Signals Sow Doubt

Rachel Reeves's chaotic Budget buildup has driven retail sales down 1.1% and business confidence into contraction, exposing fiscal rules that prioritize uncertain projections over economic stability. This pattern of volatility across governments deepens UK's debt trap.