According to the latest government survey on household expenditure, the uptick in educational expenses in 2023 was due to higher spending on private tuition and pre-school education. The amount ...

The Labour Government have been told to stop "dragging their heels" over defence spending as uncertainty remains over when the UK will reach 2.5% of GDP. It comes as US President Donald Trump says ...

“It is welcome that the government has a target of spending 2.5 per cent of GDP on defence. But the scale of the threats the UK faces means 2.5 per cent needs to be the start of the conversation.

The dynamic is reflected in the chart below, which shows low-income ... Americans could struggle to see relief due to a lack of spending-habit flexibility. Jeff Horwich, senior economics writer ...

A fiscal deficit refers to the shortfall in a government’s revenue compared to its spending during a certain period. When a country runs a fiscal deficit, it means the government spends beyond ...

A formal EU-UK summit will follow in April to kick off ... However, as Europe struggles to respond to Mr Trump’s demands to raise defence spending, it would be bizarrely counterproductive ...

Copyright 2025 The Associated Press. All Rights Reserved. President Donald Trump signs an executive order to create the Department of Government Efficiency (DOGE) in ...

Demand for generative AI help drive consumer spending on apps to $150 billion globally in 2024, up 13% from the prior year. According to an annual “State of Mobile” report from app ...

Editor’s note: This story was updated to correct a name associated with the leadership of a federal department. We regret the error. The second Trump administration ...

Both the left and the far-right want more social spending while the center-right wants tax cuts, and nobody looks willing to compromise. The government could lose a confidence motion at any time.

Rachel Reeves suffered a fresh blow today after government ... spending, a former Bank of England chief economist warned today. Andy Haldane has raised alarm that curbing investment could leaving ...