Rachel Reeves’s fiscal headroom ’all but exhausted’ as borrowing rises over forecast; Amazon Web Services outage ‘resolved’ – business live

Economists forecast chancellor will raise taxes next month after UK borrowing hits a five-year high‘I’m having a great day’: AWS outage offers some a brief glimpse of a tech-free existenceThe pound has dipped slightly on the back of the jump in UK borrowing.Sterling is a little lower against the US dollar this morning, at $1.3395.Overall, today’s public finance figures in the UK suggest that 1) there are deep set financial problems in the UK, and 2) the November budget is now virtually assured to be painful for all, without public sector spending consolidation.“This Government will never play fast and loose with the public finances.“We know that when you lose control of the public purse it’s working people who pay the price. Continue reading...

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