Squeeze On The UK Public Purse Another Symptom Of Inflationary Pressures
The public purse is facing a big squeeze with government borrowing higher than expected.FTSE 100 opened lower as concerns continue about the damaging effect of inflation.The oil price has fallen back, with the benchmark Brent crude dipping below $110 a barrel.Energy stocks and miners are once again under pressureThe UK Public Purse Is Facing A Big Squeeze“As the UK economy creaks under the pressure of rapidly rising prices, the public purse is facing a big squeeze, with government borrowing overshooting expectations. With growth going into reverse, dwindling tax payments are partly behind the ...