UK faces three catastrophic risks to public finances, says watchdog
UK faces three catastrophic risks to public finances, says watchdog July 06 2021 10:58 PM Text Size: Bloomberg/London The UK faces three potentially catastrophic risks to its public finances, the government’s budget watchdog said, underlining the challenge confronting Chancellor of the Exchequer Rishi Sunak to restore fiscal restraint. Unfunded pressures on government departments total some £30bn ($42bn) over the next three years as a result of the pandemic, the Office for Budget Responsibility said yesterday in its biennial Fiscal Risks Report. The OBR also flagged UK ambitions to eli...
Source: gulf-times.com