Scotland's public spending deficit decreased by £600m to £25.3bn last year following a 6.9% increase in tax revenues, according to the annual Gers report.
The UK's National Audit Office (NAO) will investigate the controversial Lower Thames Crossing project amid concerns over rising costs and public funds being used for a privately run asset. Campaigners are urging for the investigation to be fast-tracked before more money is wasted.
The UK's electronic tagging system for offenders is under strain and risks public safety, according to a watchdog report. Thousands may not be actively monitored, with concerns over contractor performance and staff shortages, despite government plans to expand its use.
Iranians criticize the state's lavish funeral for Ali Khamenei, citing resource allocation amidst economic hardship and budget constraints. Critics question spending on public services, security, and logistics while households struggle with rising costs.
Campaigners call for reform and public inquiry into royal finances after revelations about Andrew Mountbatten-Windsor's private income from subletting cottages
German public spending has significantly increased as the private sector implodes Read Full Article at RT.com
The Tony Blair Institute has urged Labour to scrap the pensions triple lock, calling it 'unaffordable' as Britain's ageing population drives up costs. The thinktank warns state pension spending will rise from 5% to 7.8% of GDP by 2070, adding £85bn annually. It proposes a pre-election pact to end the policy and replace it with a 'lifespan fund'. Chancellor Rachel Reeves has said the government will not drop the triple lock despite mounting financial pressure from Middle East conflict and inflation.
