Middle East Crisis Halves UK's Fiscal Headroom - Reports

NAMPA / Sputnik

2026-10-08

MOSCOW, October 8 (RIA Novosti) - The UK state budget's fiscal headroom has almost halved to 12 billion pounds ($16 billion) partly due to the energy price shocks caused by the conflict in the Middle East, the Financial Times reported. According to the daily's estimates, higher borrowing costs and soaring inflation have reduced the financial buffer from the 23.6 billion pounds forecast by the UK Office for Budget Responsibility in March to 12 bil......

Restricted content

Latest NAMPA photos

WINDHOEK, 10 October 2026 - An architectural design of the proposed Windhoek District Hospital in the Havana suburb. Project proposals and preliminary bulk works are underway, with major construction set to begin in 2027. (Photo: Contributed) NAMPA.

NAMPA

WINDHOEK, 07 October 2026 - Manager of Public Relations and Media Operations Corporate Engagement & International Relations University of Namibia Simon Namesho. (Photo contributed)

NAMPA

Otjozongombe, 07 October 2026- A wildfire burns across grazing areas in the Otjozongombe area of the Opuwo Rural Constituency in the Kunene Region on Wednesday. (Photo: Kaviveterue Virere) NAMPA

NAMPA

WINDHOEK, 06 October 2026- Omusati Regional Commander Ismael Basson. ( Photo by Eba Kandovazu). NAMPA

NAMPA

WINDHOEK, 06 October 2026- Oshana Regional Commander, Andreas Shilelo. (Photo contributed). NAMPA

NAMPA

GABORONE, 05 October 2026- National U23 player while warming up ahead of their match against Angola during the 2028 Olympic Qualifiers in Gaborone, Botswana. (Photo: contribute) NAMPA

NAMPA

GABORONE, 05 October 2026- National U23 player Brago Rukoro while warming up ahead of their match against Angola during the 2028 Olympic Qualifiers in Gaborone, Botswana. (Photo: contributed) NAMPA

NAMPA

GABORONE, 05 October 2026- National U23 player while warming up ahead of their match against Angola during the 2028 Olympic Qualifiers in Gaborone, Botswana. (Photo: contribute) NAMPA

NAMPA