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The chancellor may need to consider “very severe” spending cuts if the recent rise in UK borrowing costs erodes her fiscal headroom, a former Bank of England economist has said. Sir John Gieve, a former Bank deputy governor, said that recent bond market movement has not come in response to UK policy changes and explained… Read more »
Foreign secretary David Lammy has suggested that the “intensity” of Donald Trump’s rhetoric can be “destabilising”, amid the president-elect’s threats to acquire Greenland for the United States. In a Mar-a-Lago press conference earlier this week, the incoming president refused to rule out using military force or economic action to acquire the overseas Danish territory once… Read more »
