The Latest Breaking News from Deficit

Almost half of England’s councils ‘could face bankruptcy over £4.6bn deficit’

Damning National Audit Office report says action is needed to address deficit accumulated under Tory-era policy

The Guardian - UK · Feb 28, 2025

University of Edinburgh warns of staff cuts as it faces £140m financial deficit

Vice-chancellor says large-scale savings are needed but union says university should instead use its wealth

The Guardian - UK · Feb 26, 2025

Why Donald Trump is a relentless bullshitter

There have been many questions raised about the intentions behind Donald Trump’s spate of radical public statements about Canada, in which he claims trade deficits amount to subsidies, massive amounts of fentanyl are flowing across the border and the country should become the 51st American state, among other things.

The Conversation · Feb 25, 2025

Well-off Hong Kong Daunted By Record Deficits

Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts urging the government to make careful cuts as the economy wobbles.

International Business Times · Feb 23, 2025

Arsenal title bid rocked by West Ham, Manchester United rescue Everton draw

NEW DELHI: West Ham's unexpected 1-0 victory over the 10-man Gunners dealt a serious damage to Arsenal's hopes of winning the Premier League, while struggling Manchester United overcame a two-goal deficit to draw 2-2 at Everton on Saturday.

The Times of India · Feb 23, 2025

Will Trump’s tariffs boost the US economy? Don’t count on it

It’s hard to keep up with all the tariff announcements coming out of Washington. On February 1, the US president, Donald Trump, announced the introduction of 25% tariffs on most imported goods from Canada and Mexico, and an additional 10% levy on goods from China. The tariffs against Canada and…

The Conversation · Feb 19, 2025

Japan's exports and imports grew in January, as tariff worries loom

Japan has recorded a trade deficit of 2.76 trillion yen, or $18 billion, in January, as worries continue to grow about impending tariffs from the administration of U.S. President Donald Trump

The Independent UK · Feb 19, 2025

Trump’s lurking assault on Canada rests on endless lies and irrational populism

United States President Donald Trump has temporarily put his trade war against Canada and Mexico on hold after vowing to slap 25 per cent tariffs on most Canadian and Mexican imports, although he’s imposed tariffs on all steel and aluminum, including from Canada.

The Conversation · Feb 18, 2025

EU consumers don’t trust US goods: a look into Trump’s trade deficit claims

The US-EU trade war is gathering pace. Following the imposition of 25% US import tariffs on steel and aluminium from March 12, President Trump has announced further plans to introduce “reciprocal” tariffs on all countries on or after April 1. This means that the US would match other countries’ import…

The Conversation · Feb 17, 2025

Phoenix rise from the ashes to book NBL Playoffs spot

South East Melbourne erased a 20-point deficit against Adelaide to book their spot in the NBL Playoffs with an 85-75 win at John Cain Arena.

AAP · Feb 16, 2025