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Business Briefing
This morning, Eurostat released data indicating that, in the third quarter of 2025, the seasonally adjusted general government deficit to GDP ratio increased to 3.2% in both the euro area and the EU, up from 2.8% and 2.9% respectively.
The FT says the NHS, defence and education are the winners from the review but the Home Office, Foreign Office and Culture Department face a “squeeze”.
The UK Economy shrank by 0.3% in April, exceeding economists’ expectations of a 0.1% contraction, largely due to President Trump’s tariff policies.
The chancellor will release £39bn for affordable housing, saying the money is “the biggest boost to social and affordable housing in a generation.”
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The UK government has committed £14.2 billion to build the Sizewell C nuclear power station in Suffolk, aiming to generate electricity for about 6 million homes and create 10,000 jobs, as part of a wider £113 billion infrastructure investment plan announced by Energy Secretary Ed Miliband.
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