The Latest Breaking News from Deficit

Exclusive: Councils say multibillion-pound debts caused by years of overspends on special educational needs support

The first months of Donald Trump’s presidency have been defined by a single word: tariffs. He has framed tariffs as a panacea to the woes of the American economy, promising they will restore the country’s manufacturing sector and reduce the national deficit.

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Chelsea's women overturned a two-goal first leg deficit to beat Manchester City 3-0 and set up a Champions League semi-final meeting with holders Barcelona on Thursday.

The manager was ‘proud’ Chelsea overcame a two-goal deficit against Manchester City to reach the Women’s Champions League semi-final

The public deficit was 5.8% of GDP in 2024 instead of the expected 6%, yet the Minister of the Economy said it was "not good news".

Arsenal 3-0 Real Madrid (Arsenal win 3-2 on aggregate): The Gunners completed a sensational comeback as they overturned a two-goal deficit to reach the semi-finals

Young income earners will be increasingly called upon to fund rising public spending unless structural tax reforms are made in the next term of government.

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These are pure Labor tax cuts – just what the ALP should be all about – but why are we still letting gas companies get off scot-free?

Higher-than-expected revenue has put the economy in a stronger position than last year and is helping fund pre-election policies including tax cuts